
7 key reasons for BHP’s cooling steel outlook
Amid inflation and a global economic slowdown, BHP’s outlook for the steel industry in China has become less optimistic.

Amid inflation and a global economic slowdown, BHP’s outlook for the steel industry in China has become less optimistic.

Daily crude steel output among the member mills picked up further during February 11-20, rising by another 1.5% or 31,000 tonnes/day

The blast furnace (BF) capacity utilization rate ended a six-week rising streak and pulled back to 83.59% over February 16-22

The total volume of metallurgical coke produced declined during February 15-21, slipping by 5,600 tonnes/day on week

World crude steel production for the 71 countries reporting to the WSA was 148.1 mmt in Jan 2024, a 1.6% decrease vs Jan 2023.

The manufacturing industry is poised to be the focal point of China’s economic development, which will offer support to domestic steel demand

The changing nature of China’s commodity demand is neatly encapsulated by the latest results of BHP Group, the world’s biggest mining company

India’s JSW Steel Ltd (JSTL.NS) is in talks with Australian miner Whitehaven Coal (WHC.AX) for a stake in its Blackwater coal mine,

Australian miner BHP expects modest demand for steel across developed countries, it said Feb. 20, citing impact of higher interest rates

In stark contrast to the bullish outlook many market watchers had held earlier for Chinese iron ore derivatives, the restart of trading…

The blast furnace capacity utilization rate nudged up for the sixth straight week to reach 83.97% during February 9-15

India’s private-sector steelmaker JSW Steel has announced a 13.2mn t/yr greenfield steel manufacturing complex in Paradip, Odisha.