Issue 34, 2024 - This week's editorial: Far East, US HRC markets buck global inertia

Last week, China's hot-rolled coil fluctuated upward, benefiting from the improvement in overall sentiment. However, the tradable price in export markets did not increase significantly, and even fell slightly in some  markets. In Shanghai on Friday afternoon, 5.5x1,500mm Q235B …

Issue 33, 2024 - This week's editorial: Tanking prices scare Chinese steelmakers, trade case explosion grows

Different week, same old story. Chinese prices continued to tank, prompting even Chinese steelmakers to warn of the severity of the situation, while the recent trend of snowballing trade cases showed no signs of letting up. …

Issue 32, 2024 - This week's editorial: Trade cases excite market, US HRC rebound continues

It may be August but the markets were anything but on holiday last week. Trade cases provided far more excitement than is usually the case at this time of year, while strengthening US steel prices were an …

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. …