World crude steel production for the 64 countries reporting to the World Steel Association declined -0.3% on-year in September to 151.5 million tonnes. This represented the first monthly decline in 2019.

It came as Chinese output growth slowed to 2.2%, giving a tonnage of 82.77mt. Indian output, meanwhile, grew 1.6% …

The World Steel Association (worldsteel) estimates that global apparent steel demand will grow in both 2019 and 2020. The association announced this in its latest Short Range Outlook (SRO) on 14 October at its annual conference in Monterey, Mexico. Apparent steel demand growth in China could reach 7.8% year-on-year, although the …

The slight recovery of sentiment in the scrap market after many weeks of descent is beginning to support sentiment around global longs pricing. Last week billet prices ceased to fall and some improvements were visible.

Billet suppliers from the CIS continued to reject lower-priced bids last week, encouraging the consolidation …

The OECD has reiterated the need for further global steelmaking capacity reductions after the unexpected growth in capacity in the first half of 2019 despite weak global demand conditions.

At a meeting last week the OECD Steel Committee stressed that “…government interventions, market distorting support measures and resulting excess capacity …