Kallanish Steel Weekly
ArcelorMittal, the second largest steelmaker globally and the main steelmaker outside of China, has cut its global ex-China apparent steel consumption (ASC) growth forecast for 2023 to 1-2% from the previous 2-3%, due to worse-than-expected performance in the US, Brazil and Europe.
In the US, as real demand growth is …
Unfavourable conditions prevail in the recycled steel market, with hopes for improvement resting on the last quarter of the year, says Bureau of International Recycling (BIR) Ferrous Division president Denis Reuter.
Positives could come from effective economic stimulus measures in China, a confident economic policy from the Turkish government and …
Australian fob coking coal slipped during the week ending 14 July, despite increased buying interest.
Kallanish assessed premium hard coking coal at $232.91/tonne fob Australia, down $4.17/t from $237.08/t fob the previous week.
On the Singapore Exchange, Premium Coking Coal Futures for August settled at $233.75/t fob on Friday, up …
Prices for Russia-origin slab remained stable on-week, with only a small risk seen of values declining over summer despite the traditional seasonal lull.
Some mills tried to increase offers but interest from customers was subdued. Demand is seen rebounding in September at the earliest, when all market participants return from …
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