Global steel demand was better than previously expected in 2020, and the outlook for 2021 has also been revised upwards by worldsteel.

In its previous outlook issued last October, worldsteel had expected finished steel demand to fall 2.4% on-year in 2020. The association confirmed on Thursday, however, that the fall …

Last week the Kallanish index for Chinese domestic rebar prices reached a new record level, at CNY 4,875/t ($744.84/t). This was the highest level ever recorded by the index, higher than the peak of CNY 4,785/t touched back in late 2017.

The latest increases of Chinese rebar were supported by …

The fire in March at semiconductor manufacturer Renesas in Japan will exacerbate existing supply chain disruptions, says Fitch Ratings. This is likely to hamper the automotive sector recovery and impact steel demand.

At the end of March, Renesas said the fire damaged a production line for 300mm wafers used in …

Circular economic impacts will supress an estimated 483 million tonnes of steel demand by 2040, with “remanufacturing” growing as increased raw materials costs make steelmaking more costly, says worldsteel director, safety environment and technology Andy Purvis.

Remanufacturing – returning a product to at least its original performance levels – will …