25
Sep
15:55
Uncertainties, scrap drops temper longs consumption growth: Celsa
Mounting uncertainties and the recent scrap price drop could temper the 2.4% global long products consumption growth forecast for 2019. Rebar consumption had been forecast in mid-year to rise 2% in 2019 to 390 million tonnes, Celsa Group commercial director Kim Marti said at this week’s Irepas meeting in Düsseldorf.
Robust construction activity in China, India and the rest of Asia will offset the effect on rebar and merchant bar demand, especially, of…
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Anonymous
Very good overview of the weekly steel market.
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