Issue 43, 2024 - This week's editorial: Market braces for next China meeting, scrap firmly down

Hold on to your hats, folks! Another Chinese government meeting is coming up fast and raising market expectations yet again for stimulus announcement. The National People's Congress Standing Committee (NPCSC) was rescheduled till 4-8 November, …

Issue 42, 2024 - This week's editorial: China government meeting disappoints again, EU sees pricing hope

The Chinese stimulus bubble continued to deflate last week as yet another government meeting on real estate policy disappointed market expectations. Chinese hot rolled coil export prices started to retreat, but most buyers remained on …

Issue 41, 2024 - This week's editorial: Markets wait out China frenzy, Turkey restricts HRC imports

The frenzy over China’s economic stimulus measures announced in late September petered out last week, with markets balking at China’s drastically increased steel export prices. Case in point, Vietnamese HRC buyers. Observers remained unsure whether …

Issue 40, 2024 - This week's editorial: Global pricing receives China boost, European manufacturing woes continue

Steel prices firmed around the globe last week as China entered a week-long holiday following the issuance of its giant stimulus package the week before. Markets waited with bated breath for China’s return, uncertain if …