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China

2010 and 2011 GDP and steel demand growth

August 11, 2010

The IMF recently updated its forecast for world GDP growth in the latest World Economic Outlook.  The global economy is projected to grow at 4.6% this year and 4.3% next year.  If you look at the historical relationship between world GDP growth and world steel demand growth, the IMF forecast would lead one to expect […]

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What to make of Anshan’s investment in the USA – Mk II

June 22, 2010

In late May, I posted an article here called “What to Make of Anshan’s investment in the USA”. It was in reference to the investment by Chinese steelmaker Anshan in John Correnti’s Steel Development Company. The point of my piece was to explore why Anshan might do such a thing. The only real sense I […]

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China results for November: crude production down 9% and exports up 5%

December 15, 2009

Chinese crude steel production dropped 9% from 51.8 million metric tonnes in October to 47.3 million tonnes in November. This is still 34% higher than November 2008 crude steel production. Finished steel exports rose 5% to 2.85 million tonnes, continuing the climb started in June 2009 when exports were 1.43 million tonnes. November 2009 exports […]

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China results for October: crude production up 2%, exports up 10%

December 2, 2009

Chinese crude steel production rose 2% from 50.71 million metric tonnes in September to 51.75 million tonnes in October. This is 44% higher than October 2008 crude steel production. Finished steel exports continued to climb from the 1.35 million tonnes low reached in May 2009 to a level of 2.71 million tonnes in October. But […]

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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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World crude steel output in September continues to recover

October 26, 2009

The world’s production of crude steel continued to recover in September 2009 according to the latest output data from worldsteel. It was a modest improvement from August to be sure of a little more than 250KT, but it continued a recovery that has lasted all year. The world’s record monthly crude steel output was in […]

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