04
Aug
14:11
High Chinese demand, prices support global margins: BIR
Global capacity utilisation should increase as long as Chinese domestic steel prices and margins remain high, meaning mills and traders there continue to have their attention diverted away from exports. So says the Bureau of International Recycling (BIR).
Chinese steel exports decreased in June to 6.81 million tonnes from May’s 6.98mt, which was almost 500,000t higher than April’s 6.49mt but down -26% year-on-year. BIR says it is likely the July figu…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous