Issue 43, 2023 - This week's editorial: ArcelorMittal’s steel global demand outlook remains stable, decreases for Europe

ArcelorMittal, the second largest steelmaking group in the world, has retained its global ex- China apparent steel consumption growth forecast for 2023 of 1-2%. However, it expects European demand to fall below the previous …

Issue 42, 2023 - This week's editorial: Iron ore jumps to new sevenmonth record, although outlook uncertain

The seaborne iron ore market maintained its upward trend last week and set a new sevenmonth price record. However, the price increases slowed under the influence of Chinese market rumours on Friday.

During the …

Issue 41, 2023 - This week's editorial: H1 2023 scrap consumption falls, long term trend remains strong

China’s ferrous scrap consumption fell 2.9% on-year in the first half of 2023 to 116.23 million tonnes despite its 1.3% rise in crude steel output. The country nevertheless remained the world’s largest scrap user, …

TThe EU and US will continue negotiating on the Global Arrangement on Sustainable Steel and Aluminium (GASSA) till the year-end deadline, after failing to reach an agreement in time for last Friday’s EU-US summit in Washington.