Kallanish Steel Weekly
Iron ore prices are expected to remain under pressure in 2022 after their rally ended and values collapsed to levels below previous forecasts, says Fitch Solutions. The research firm is consequently revising down its iron ore price forecast for 2022 to $90/tonne from $130/t.
Chinese demand for iron ore stemming …
Strong steel prices helped ArcelorMittal post in the third quarter its highest net income and lowest net debt since 2008. Prices have since come off record highs but remain elevated, which will be reflected in 2022 annual contracts, the firm observes.
The steelmaker maintains its 12-13% on-year growth forecast for …
The push to reduce carbon emissions will create “a large opportunity” to grow scrap’s share in current steelmaking beyond its current average of 30%, said McKinsey & Company’s Dr Steven Vercammen in a Bureau of International Recycling (BIR) webinar this week.
The key challenges are to extract more scrap from …
The European Union and the US have reached an agreement to end the ongoing trade dispute involving steel products, initiated with the imposi-tion by the Trump administration of Section 232 tariffs.
The latest announcements confirm that steel trade barriers for European suppliers to sell into the US will be adjusted. …
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