During the last few months, most market observers have focused their attention on the rapid recovery of steel production in China. As coronavirus impacted the world’s output, China was the first to come out of the pandemic crisis, and its output has been reaching record levels during the last few …

Worldsteel has revised up its forecast for global finished steel demand thanks mainly to China’s stunning rebound following the initial Covid-19 pandemic shock at the start of the year. Global demand is now seen falling only -2.4% on-year in 2020 to 1.725 billion tonnes.

This compares to the -6.4% decline …

Last week CIS billet prices appeared to be consolidating despite the challenging scrap price dynamic in Turkey and relatively low demand in the last two weeks. But a large sale of Ukrainian material amid the first signs of China's demand returning last week confirmed the trend indicating that the current …

The gap between global production and capacity is expected to reach 700 million tonnes in 2020, increasing for the first time since 2016, the OECD steel committee said during its latest session held virtually.

The association noted the latest available data from the OECD show that global steelmaking capacity could …