Kallanish Steel Weekly
Green” steelmaking was a key theme of this week’s Bureau of International Recycling (BIR) ferrous webinar.
Renate Featherstone, principal analyst – multi-commodity research at Wood Mackenzie, explained that steelmaking accounts for as much as 10% of global carbon emissions. Producers are therefore under mounting pressure to adopt an environmentally cleaner approach.
The World Steel Association has issued its outlook for steel apparent demand, indicating that this year global demand will fall by -6.4% year-on-year, before recovering 3.8% y-o-y in 2021.
The outlook was postponed by the association due to the uncertainties created by the Covid-19 outbreak. “The COVID-19 crisis, with its …
The coronavirus emergency and the consequent fall in both production and demand of steel globally has fuelled a new wave of trade disputes. The market has been facing increasing limitations to global trade for many years now, but during the last month this trend has accelerated again. Many countries have …
The World Steel Association (worldsteel) says that global crude steel output from its 64 reporting countries dipped year-on-year in April 2020 to 137.1 million tonnes, down by - 13.0% y-o-y.
Although some figures could be revised, these preliminary calculation indicates that the deceleration in output increased in April. During March …
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Anonymous
Very good overview of the weekly steel market.
Anonymous