Tag: steel

| The World Steel Association (worldsteel) forecasts that global steel demand will decrease by -0.8% to 1,488 Mt in 2016 following a contraction of -3.0% in 2015. In 2017, it is forecast that world steel demand will return to growth of 0.4% and will reach 1,494 Mt.

| The World Steel Association (Worldsteel) has released its Short Range Outlook (SRO) for 2015 and 2016. Worldsteel forecasts that global steel demand will decrease by -1.7% to 1,513 Mt in 2015 following growth of 0.7% in 2014. In 2016, it is forecast that world steel demand will show growth of 0.7% and will reach 1,523 Mt.

| EU steel demand is expected to rise by 1.5% in 2015 on the back of sustained momentum in Europe’s economic growth, despite ongoing uncertainty. However, European producers are not expected to benefit as improving steel demand will be met by imports of the metal, anticipated to be up 5% this year.

| Eurofer files formal complaint against state aid for Europe’s largest steel plant and demands a more effective EU trade defence policy.

| According to the World Steel Association (Worldsteel), world crude steel production for the 65 countries reporting to worldsteel was 138 million tonnes (Mt) in March 2015, a -2.7% decrease compared to March 2014.

| The World Steel Association (Worldsteel) has released its Short Range Outlook (SRO) for 2015 and 2016. Worldsteel forecasts that global apparent steel use will increase by 0.5% to 1,544 Mt in 2015 following growth of 0.6% in 2014. In 2016, it is forecast that world steel demand will grow by 1.4% and will reach 1,565 Mt.

| World crude steel production for the 65 countries reporting to the World Steel Association was 133 million tonnes (Mt) in January 2015, a -2.9% decrease compared to January 2014.

| According to World Steel association, world crude steel production reached 1,662 million tonnes (Mt) for the year 2014, up by 1.2% compared to 2013.

| The BIR has welcomed OECD proposals of multilateral action to counter the harmful impact of export restrictions on steelmaking. The advice was given at an OECD workshop in Cape Town on December 11 which highlighted the detrimental effects of such export restrictions and the efficiency gains to be made from their simultaneous removal both upstream and downstream of steelmakers.

| Steel supplied on the EU market by European steel producers complies with the European regulations and standards. This is not guaranteed in the case of Chinese steel imported in the EU, notably imports of wire rod, rebar and bar, as well as hot-rolled coil and heavy plate. "Steel made in Europe means reliability in trade, stability of properties during processing and safety in the use of the material", Eurofer Director Axel Eggert says.

| World crude steel production for the 65 countries reporting to the World Steel Association was 137 million tonnes (Mt) in October 2014, the same compared to October 2013.

| According to Eurofer Director General Axel Eggert, growth in 2015 is not foreseen to be much higher, but more balanced over the year and more harmonised across the steel using sectors.

| World crude steel production for the 65 countries reporting to the World Steel Association was 134 million tonnes (Mt) in September 2014, a slight decrease of -0.1% compared to September 2013.

| The latest EU customs statistics show that third country imports remained on a rising trend in July and August: finished steel imports rose 32 percent year-on-year, compared with a 6 percent rise in Q1 and 33 percent rise in Q2.