After rebounding strongly in 2021, European steel consumption is expected to grow much more slowly in 2022 and 2023, by 3.2% and 1.7% respectively on-year, says Eurofer. End-use demand, from the automotive sector in particular, will be seriously impacted at least till mid-2022 by global supply chain issues and soaring …

Global crude steel production closed out 2021 with a decline of 3% on-year in December to 158.74 million tonnes, as China and the EU both saw reduced output, worldsteel data shows. Full-year 2021 production still inched up 3.6% on-year to 1.91 billion tonnes, but slowed from the 14% growth seen …

Commodity experts are not in agreement about where nickel prices are heading this year, says Roland Mauss of recycler Oryx Stainless. In his monthly blog on Oryx Stainless, Mauss says Chinese researchers are playing down the growth potential, while others predict a supercycle.

Last week the European HDG market showed that trade barriers continue to have an important role in driving market sentiment. European suppliers increased their offers, supported by the issues created by safeguard measures as well as the ongoing anti-dumping investigation on Turkish and Russian imports into the continent.