Posts tagged as:

demand

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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China results for Dec: crude production and exports up 7%

February 17, 2009

Crude steel production in China reversed its decline and climbed 7% to reach 37.8 million metric tonnes in December.  December finished steel exports also grew by the same percentage to 3.2 million tonnes.  Crude steel production was 9% below its level in December 2007 and exports were 34% lower. Full-year 2008 crude production rose by […]

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China, Steel & the Growth of Both

December 17, 2008

The difficulties of interpreting and forecasting the current dynamic economic environment are revealed in the latest World Bank report on commodities. You can download the report at the World Bank site or directly from us here Commodities at the Crossroads, 2009. It’s long-winded holiday reading, but if you follow steel (or commodities generally) it’s worth […]

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GDP and steel demand in Europe

November 23, 2008

In response to a presentation I posted recently on this blog, I received the following questions from an investment firm based in Switzerland. 1) Is your indicated correlation also applicable to Europe only, i.e. could it be used to forecast steel demand in Europe? 2) Europe is expected to grow below 2,5% real GDP for […]

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