Steel Demand Recovery to Continue in 2024
December 18, 2023
Steel demand growth will continue in most regions in 2024 with global consumption rising by 20 million-30 million tonnes (mt) vs 2023
Tag: Steel
Nippon Steel to buy U.S. Steel
December 18, 2023
Japan’s Nippon Steel said on Monday it would buy U.S. Steel in a deal valued at $14.9 billion, or $55/share.
China’s Steel Output Set to Exceed Cap
December 16, 2023
Chinese steel production looks set for its first annual gain in three years as economic concerns are prioritized over emissions cuts
Ukraine’s Steel Industry Seeks Strategies for Export Revival Amidst Challenges
December 16, 2023
Ukraine is currently seeking ways to increase steel industry exports to boost revenues into the country’s coffers
China traders still ambivalent about winter restocking
December 15, 2023
The stocks of finished steel that Chinese steel traders will be holding this winter will likely be relatively low compared with other years
Cliffs Raises Bid for US Steel
December 13, 2023
U.S. Steel has now received multiple bids of more than $40 per share, sending shares up from $36 per share before the report.
Chinese Blast Furnaces Continue to Lose Money In November
December 13, 2023
High production costs caused Chinese blast-furnace steel mills to continue losing money on finished steel sales in November
Chinese Steel Production in Early December
December 13, 2023
Daily output of crude steel was 1.9316 million tons, a decrease of 4.19% MoM, and a decrease of 0.14% YoY.
Europe to Press on with Low-Emission Steel Projects in 2024
December 13, 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
China 2023 Steel Output to Rise
December 13, 2023
CHINA’S steel output is expected to rise as a soft domestic property sector is compensated by strong vehicle manufacturing and rising exports
Chinese HRC export prices climb on week
December 12, 2023
Improving sentiment and rising prices in China ‘s domestic market translated to gains in prices of coils during the week of Dec 4-8,
Steel stocks to remain dented through 2024
December 12, 2023
Morgan Stanley forecast another year of underperformance for steel stocks in 2024, citing weak global macros and unattractive valuations.