Posts tagged as:

demand

New world steel demand forecast for 2011

October 6, 2010

We haven’t had time to study the data yet, but worldsteel published an updated Short Term Apparent Steel Use forecast a couple of days ago. At first glance it looks like demand this year is going to be higher than initially forecast in April 2010, while 2011 is set to grow at the same rate [...]

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Repairing steel demand

August 16, 2010

The four worst post-war (WWII) declines in US steel demand occurred in 1958, 1975, 1982 and last year, 2009. In the recent US Steel Q2 conference call, US Steel CEO John Surma wisely reflected, in the context of how much capacity to keep running, that some of the recent steel demand destruction could be permanent. [...]

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Forecast 2010 record steel consumption leaves developed world behind

April 21, 2010

Along with its global monthly steel production figures, worldsteel also published yesterday its collective wisdom about forecast Apparent Steel Use (ASU) by country through 2011. This is the ‘Short Range Outlook.’ The current forecast (data in the Nerds spreadsheet below) shows about an 11% rise in demand in 2010 to 1.24Bn metric tonnes with a [...]

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China results for September: crude production down 3% and exports up 19%

October 25, 2009

Chinese crude steel production fell 3% from 52.3 million metric tonnes in August to 50.7 million tonnes in September. This is 28% higher than September 2008 crude production. Finished steel exports continued to climb, rising by 19% to 2.47 million tonnes. In comparison, September 2008 finished steel exports were 6.7 million tonnes. Net finished steel [...]

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China results for August: crude production up 3% and exports up 15%

October 1, 2009

Chinese crude steel production rose 3% from 50.7 million metric tonnes in July to 52.3 million tonnes in August. This is 23% higher than August 2008 production. Finished steel exports continued the climb started in June by increasing 15% in August to 2.08 million tonnes. In comparison, last year’s August exports were 7.68 million tonnes. [...]

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Could the steel industry recession be over?

July 1, 2009

Well it might be – technically. Plenty of people seem to want to say it is in the broader economy. On June 10th the UK’s Guardian newspaper reported the UK recession as being over. Then a week later Liz Sonders, Chief Investment Strategist at Charles Schwab said the US recession is over. There have been [...]

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China results for Feb: crude production down 2%, finished steel exports down 16%

April 6, 2009

After a 10% climb between December and January, crude steel production in China declined 2% to 40.42 million metric tonnes in February.  As a result of a 27% growth in finished steel imports to 1.09 million tonnes and a 16% drop in finished steel exports to 1.56 million tonnes, net finished steel exports reached a low [...]

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China results for Jan: crude production up 10%, exports down 40%

March 13, 2009

Chinese crude steel production grew 10% between December and January to reach 41.5 million metric tonnes. Exports declined to 1.91 million tonnes in January, a full 40% decrease on December, and apparent domestic consumption was 37.8 million tonnes compared to 33.1 million tonnes in December.  

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