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China crude steel production 81.2M tonnes in July, 7.2% up on July 2017

September 4, 2018

Worldsteel reported Chinese crude steel production at 81.2 million metric tonnes in July, 7.2% higher than in July 2017. Chinese output over the first seven months of 2018 was 6.4% higher than in the same period last year. Chinese net finished steel exports (exports minus imports) in July were 4.9 million tonnes, 18.7% lower than […]

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July world crude steel production 154.6M tonnes

September 4, 2018

Worldsteel published July’s world crude steel production on August 27th. World steel output was 154.6 million metric tonnes, 5.8% higher than in July 2017. Crude steel production in the first seven months of 2018 was 5.1% higher than in the same period last year. China accounted for 53% of world output in July with production […]

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Steep rise in rebar licenses signals 84% increase in July long steel products imports

August 20, 2018

Based on reported import licenses, US long steel products imports are expected to rise 84% from 190,000 short tons in June to 350,000 tons in July. This is following a 223% rise in rebar import licenses in July, due mainly to higher licenses from Italy and Spain. In addition, parallel flange sections licenses rose 270% […]

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US flat steel products imports rise 16% in July

August 8, 2018

Based on reported import licenses, US flat steel products imports increased 16% from 743,000 short tons in June to 859,000 tons in July. The largest volume increase came from hot rolled imports, with volumes increasing from Canada, Japan, and the Netherlands. Cold rolled and cut plate imports also increased, but hot dip galvanized imports fell, […]

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AK, ArcelorMittal, Ternium, & US Steel announce Q2 earnings

August 7, 2018

Steel companies recently reporting Q2 earnings all showed improved EBITDA per ton, continuing the industry trend. As can be seen in the chart below, 7 of 10 companies reported EBITDA per ton above $100 in Q2, up from 4 of 10 companies in Q1. Two companies (Ternium and Steel Dynamics) generated over $200 per ton […]

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Q2 2018 earnings for CMC, Nucor, SDI, SSAB & TimkenSteel

July 30, 2018

Mills are starting to release Q2 2018 earnings and the results are coming in strong. All mills saw an increase in EBITDA in Q2 per ton relative to Q1. CMC saw EBITDA per ton rise to $89 from $63 in the previous quarter. Nucor went from $116 to $173, SSAB from $109 to $144, Steel […]

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