ArcelorMittal completed the sale of its steel making and mining operations in Kazakhstan after its renationalization due to an accident
In the next two-three years, Vietnam, Indonesia, Malaysia, Thailand, the Philippines and Singapore will continue buying Chinese steel
Crude steel production in Germany in 2023 fell by 4 percent year-on-year to 35.5 million tonnes due to the energy crisis and the weak economy
The UK will implement its own carbon border adjustment mechanism by 2027 to put a carbon charge on imports
The Indian steel market, in 2023, was marked by strong domestic demand while exports remained subdued and Imports were a major worry
China’s apparent crude steel consumption is expected to recover by 2% or around 19 million tonnes on year to reach 962 million tonnes in 2024
Steel demand growth will continue in most regions in 2024 with global consumption rising by 20 million-30 million tonnes (mt) vs 2023
The march toward a low carbon steel production future is at the top of the political agenda for some general elections in Europe in 2024
Chinese steelmakers are facing a dilemma as steelmaking margins have been in the negative for over five weeks
Herewith a quick rundown on Chinese Leading Indicators, PMI’s, and Steel Production. Plus metallurgical coal and iron ore implications.
Lets go through BHP’s Economic and Commodity Outlook, pull out/summarize the important highlights and provide my thoughts on various topics.
The combo of Cleveland-Cliffs & US Steel would result in the largest steel producer in the US & a monopoly on iron ore production in the USA.