Issue 31, 2024 - This week's editorial: ArcelorMittal slashes earnings, aggressive Chinese exports

ArcelorMittal has lowered its forecast for global apparent steel consumption growth excluding China in 2024 to 2.5-3% on-year, from 3-4%. Customers are maintaining a “wait and see” approach, with the long-awaited restocking yet to materialise, the firm notes. …

Issue 30, 2024 - This week's editorial: Europe outlook worsens further, China sees unwanted records

Europe and China dominated the headlines last week but, unfortunately, none of them were positive.

In Europe, the steel demand rebound hoped-for at the start of this year has come firmly off the rails. Eurofer revised …

Issue 29, 2024 - This week's editorial: Chinese market sees more disappointment, Europe gets real

The Chinese economy has become adept at delivering disappointment in recent years. Expectations had been raised sky high after decades of economic boom, but the country’s economy is now rebalancing against the backdrop of geopolitical fragmentation, …

Issue 28, 2024 - This week's editorial: US eyes China tariff circumvention, EU safeguard puzzles

Big news can be hard to come by in the summer months, but Joe Biden delivered last week. The US President ordered that steel items imported from Mexico must be melted and poured in Mexico, Canada …