24
Sep
11:37
Macquarie cuts steel price forecasts as Chinese exports rise
Macquarie has cut its commodity price forecasts across the board this week, with steel among the hardest hit. It expects Chinese steel export volumes to remain very high for several years to come, Kallanish notes.
The analysts’ global hot rolled coil prices forecasts have been cut by 14-16% each year until 2020. The bank also says small steelmakers without a diverse asset base will come under increasing pressure and some capacity will have to clo…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous