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Steel GRIPS

Posts by Steel GRIPS

Steel prices move higher in most Developing Markets

August 30, 2009

Turkish long product quotations have once again been heavily influenced by the movement in semi-finished steel and scrap values. Export prices have also been raised to accommodate the change. Shortages have …

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Gradual upturn in World steel prices over next twelve months

August 27, 2009

The MEPS – World Composite All Products carbon steel price peaked in July 2008 at $US 1.160 per tonne. In the subsequent ten months the value fell by more than 50 percent to $US 562. However, the production curbs are beginning to bite …

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World steel statistics monthly commentary – August 2009

August 25, 2009

Production of crude steel for the countries reporting to the World Steel Association in June 2009 was estimated to be 99.8 million tonnes, a decrease of 16% over June 2008.

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July 2009 crude steel production

August 25, 2009

World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 103.9 million metric tons (mmt) in July. Although this is -11.1% lower than July 2008 production, it is the highest monthly production figure this year.

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EU steel prices to recover over next twelve months

August 25, 2009

After peaking in August 2008 at EUR 860 per tonne, the MEPS EU average flat products’ price collapsed to EUR 420 per tonne in May this year. This was the lowest figure for more than five years.

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Pessimistic outlook for steel production overdone

August 24, 2009

Global Steel production in the first seven months of this year was 664 million tonnes – down almost …

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