Kallanish Steel Weekly
Ratings analyst Moody’s has prepared its outlook for the steel sector for next year.
Moody’s foresees a negative outlook for the European steel sector in 2020. The rating agency notes that the outlook could change only if fundamentals for the continent’s economy perform better than expected and margins for steelmakers …
CIS billet prices increased again last week amid fresh demand resulting in new sales at mills' offer levels. The sales lifted current offers to the pivotal $400/tonne fob mark and slightly higher, enabling mills to continue with price increases.
Several lots of billet, some considerable, were sold at $395-400/t fob …
The World Steel Association (worldsteel) said last week that global crude steel output from its 64 reporting countries was 151.5 million tonnes in October 2019, down -2.8% year-on-year. This drop is the biggest registered globally since 2016.
This year crude steel production increased strongly since the beginning of the year, …
Last week the ongoing recovery in scrap prices paused slightly, while iron ore prices continued to strengthen.
Although some Turkish mills were still inquiring about scrap at the beginning of last week, most were seen to have taken a wait-and-see stance for their scrap purchases. After an intense period of …
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous