04
Feb
14:50
Returning capacity to depress first-quarter steel prices: Fitch
The recent rise in global steel prices will be short-lived, Fitch Ratings says, as an increasing number of mills are bringing hot metal capacity back on line.
“The restarting of steel plants was not sufficiently quick to meet growing demand, with restocking across the steel value chain in Europe and the US creating additional demand, and steel prices rallied in all regions in late 2020 as a result,” the agency comments in a note seen by Kallanish.
How…
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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