The World Steel Association (worldsteel) has released its April 2018 short range outlook (SRO) forecasting that global steel demand will reach 1,616.1 million tonnes in 2018, an increase of 1.8% on 2017. In 2019, it is forecasted that global steel demand will grow by 0.7% to reach 1,626.7mt.

Steel demand …

Steel market uncertainty has continued to increase globally over the past seven days as geopolitical issues are raising further concerns in strategic geographic areas such as Turkey, Russia and China.

Last week the US, supported by some of its allies, began a military operation in Syria, accelerating further the …

The correction of global iron ore, scrap and billet prices continued last week, as the market’s fundamentals remain weaker than at the beginning of this year. While the price reductions could slow down going into Q2, it is likely that the peak levels for 2018 have already been reached in …

The new US tariffs on steel and aluminium were a hot topic at the 16th International Steel Markets and Trade Conference in Xian last week. There was little sign that any participants expected either China or the US to give up their basic positions, but all sides were at least …