China’s retail steel stocks fall further on rising sales
April 8, 2024
Chinese steel traders saw their stocks of finished steel at hand decline further over March 29-April 4, thinning another 1.1 million tonnes
Tag: Steel
European Hot-Rolled Coil Market Faces Downward Pressure Amid Oversupply and Weak Demand
April 5, 2024
The European hot-rolled coil market is currently experiencing significant bearish pressure due to a combination of weak demand and oversupply.
India’s mills see 12% increase in steel sales in financial year 2024
April 4, 2024
The just-concluded financial year of 2023-24 proved to be a fairly good one for India’s steel industry as mills saw a 12% increase in sales
ArcelorMittal Zenica to shut coke plant
April 4, 2024
ArcelorMittal’s Zenica, Bosnia-based long steelworks plans to close its coke battery as a result of rising costs and reduced steel demand
Indian steel prices decline y-o-y in FY’24. What to expect in FY’25?
April 3, 2024
Indian steel prices in the just-concluded FY’24 contracted in comparison with FY’23 due to an assortment of factors including
Tata Steel Europe’s path to decarbonization
April 3, 2024
European steelmakers find themselves in an “alarming” situation as they are in the midst of starting investment-heavy technological changes
Hot metal proving far more cost effective than scrap in China
April 3, 2024
With the prices of iron ore and coke falling dramatically, the cost effectiveness of hot metal has strengthened against that of steel scrap
What’s going on in met markets?
April 2, 2024
Steel prices are pretty dismal. There’s clearly an oversupply in Asia, Europe and North America.
Pessimism to haunt China’s steel market in April
April 2, 2024
After falling significantly during March, China’s domestic steel prices are likely to keep heading south this month
India Steel Market Update
April 1, 2024
India steel composite index maintained a flat trend w-o-w, closing on 29 March at 137.5 points (137.8 points).
Vietnamese HRC market goes into free-fall
April 1, 2024
Vietnam’s hot rolled coil import market is deteriorating in tandem with the fallout in the Chinese futures market, Kallanish notes.
China’s Steel Sector Weakens Despite Manufacturing Rebound
April 1, 2024
China’s steel industry faced a setback in March, with its Purchasing Managers’ Index (PMI) dipping to 44.2.