Posts tagged as:

steel demand

World steel demand forecast revised upward on improved China outlook

October 15, 2019

In its latest Short Range Outlook (SRO), published yesterday, Worldsteel revised its world steel demand growth forecast for 2019 and 2020 upward. The revision increased forecast demand growth between 2018 and 2019 from 1.3% in its April 2019 Short Range Outlook to 3.9%. In addition, Worldsteel revised demand growth between 2019 and 2020 from 1.0% […]

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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 June: crude production up 6% and consumption 17% higher than 2008

August 11, 2009

Chinese crude steel production climbed 6% from 46.46 million metric tonnes in May to 49.43 million tonnes in June. This is 5% higher than June 2008 production. Net finished steel exports remained marginally negative. After declining every month since December 2008, finished steel exports rose 6% to 1.43 million tonnes. Apparent domestic consumption continued to […]

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World Steel Production for March, 2009 & Short Term Demand Forecast

April 27, 2009

The World Steel Association recently published two important sets of data. The first, published about a week ago are the latest figures for crude steel production by country through March of 2009. You can see and use that data in the Nerds spreadsheet below. In aggregate it shows an 8.3% improvement in global output March […]

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Steel demand forecast for the US 2009-2013

April 7, 2009

Last week I spoke at the AMM Steel Tube & Pipe conference in Houston.  My presentation was titled “Return of the Evil Banana” and provides a forecast of 2009-2013 steel demand in the US.  The forecast is based on a proprietary First River model which relates steel demand in the US to NA automotive production […]

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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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