ArcelorMittal has again reduced its outlook for global demand in 2019. This is mainly due to the persistent uncertainties in key markets such as Europe and despite a better-than-expected performance in Chinese demand.

In its second quarter financial results, the company explains that it expects apparent demand this year to only grow by 0.5-1.5% year-on-year. …

World crude steel production for the 64 countries reporting to the World Steel Association increased 4.6% on-year in June to 158.98 million tonnes.

As in the previous month, Chinese production surged 10% on-year to 87.53mt in June, while Indian output rose 4% to 9.34mt and Japanese production inched up 0.4% …

As most listed steelmakers start announcing their Q2 and H1 financial results, market observers expect to notice overall that profitability has come under increasing pressure in the sector as a consequence of elevated iron ore prices coupled with under-pressure finished steel levels. 
 
Last week the first concrete report of …

During the first six months of this year, global HRC prices have been much more volatile than rebar levels. While this is not to be considered an anomaly in the market, the first part of this year has been characterised by sharp movements in the flats sector, mainly due to …