13
Dec
13:44
Non-China consumption offsets China slowdown, Europe uncertain: Fitch
Steel consumption outside China in 2023 should outpace the managed decline in China by 25-35 million tonnes, mostly due to dynamic growth in India, Southeast Asia and the US, says Fitch Ratings. Despite a swift supply-side response in Europe, competition in unprotected markets is intensifying, with margins visibly coming off post-Covid peaks and set to normalise in 2023.
“Sentiment remains constructive and above mid-cycle in North America, India, Turkey and …
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Anonymous
Very good overview of the weekly steel market.
Anonymous