Posts tagged as:

2009

World crude steel production rises 3.1% in October

November 20, 2009

According to data published today by worldsteel, world crude steel production reached 112MT for the first time since August of 2008. The October figure is a 3.1% improvement on September’s output and 13% better than October production last year when the industry was beginning its sharp decline. China’s month-to-month growth of about 2% was exceeded […]

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2009 GDP forecasts and steel demand growth

February 2, 2009

The International Monetary Fund recently updated its global GDP growth forecast for 2009 and 2010.  Not surprisingly, the growth projections were revised downward.   So I thought I’d take the opportunity to update the graph showing the relationship between global GDP and steel demand and to refine the comments I made in a recent post using […]

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Steel producer output reductions by date

October 23, 2008

Reuters India has very helpfully provided a chronology of recent steel industry production cuts going back to the middle of September. This is the link to the article. While the FT today reports the slowdown of Chinese steel production. The essence of the FT report is this… Shan Shanghua, secretary-general of the China Iron and Steel Association, […]

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6 reasons why a downturn in steel won’t be as bad as in the past

October 15, 2008

The tumult in financial markets will spill over into the ‘real’ economy in a number of ways not least of course in slowing economic growth on regional and global levels. Slower economic growth means less steel consumption and production so it’s worthwhile, if a little sobering, to contemplate just how hard steel might be hit. There have […]

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US Carbon Steel Forecast 2009 Presentation

September 16, 2008

NOTE: There’s an updated (for Q4 2008), revised (in Q1 2009) & expanded version of this presentation here: Here’s a shortened version of a presentation I made last week to the MSCI Economic Summit: Forecast 2009 meeting in Chicago. It’s a great event if you get the chance to go. The essence of what I […]

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