Steel News

World Crude Steel Production Up 1.2% in April

22 May 2013 - World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 132 million tonnes in April 2013, an increase of 1.2% compared to April 2012.

March World Crude Steel Production Down 1% Y-o-Y

22 April 2013 - World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 135 million tonnes in March 2013, an increase of 1.0% compared to March 2012.

worldsteel: Global Apparent Steel Use to Increase 2.9% in 2013

11 April 2013 - The World Steel Association (worldsteel) released its Short Range Outlook (SRO) for 2013 and 2014, forecasting that global apparent steel use will increase by 2.9% to 1,454 million tonnes in 2013, following growth of 1.2% in 2012.

Liepajas Metalurgs Stops Production Temporarily

11 April 2013 - Liepajas Metalurgs is temporarily stopping production for a five day period, from 10–15 April 2013, due to a decline in rebar orders caused by the economic situation in Europe.

SEAISI: Apparent Steel Consumption in ASEAN Region Rose 7.6% in 2012

09 April 2013 - According to the South East Asia Iron & Steel Institute (SEASI), apparent steel consumption in the ASEAN region (Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Burma, Cambodia, Laos and Vietnam) is estimated to have surged by 7.6% y-o-y to 56.4 million tonnes in 2012.

SunCoke Energy Provides Estimate on First Quarter Coke Production

04 April 2013 - SunCoke Energy, Inc. reported that domestic coke production for first quarter 2013 is expected to be 1,051,000 tons down from 1,068,000 tons in first quarter 2012.

World Crude Steel Production Rose 1.2% Year-on-Year in February

20 March 2013 - World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 123 million tonnes in February 2013, an increase of 1.2% compared to February 2012.

January 2013 U.S. Steel Mill Shipments at Highest Monthly Amount Since August 2012

18 March 2013 - The American Iron and Steel Institute (AISI) reported that for the month of January 2013, U.S. steel mills shipped 8,210,726 tons, a 9.7% increase from the 7,483,120 tons shipped in the previous month, December 2012, and a 3.4% decrease from the 8,497,932 tons shipped in January 2012.

Bloated China Steel Sector Facing Closures, Big Miners to Suffer

12 March 2013 - China's bloated steel sector is facing a wave of closures in the next few years, with slowing demand and decades of "blind" expansion finally about to catch up with the industry, a senior executive and parliamentary delegate said, according to a Reuters report.

World Crude Steel Output Down 0.8% in January

20 February 2013 - World crude steel production for the 62 countries reporting to the World Steel Association (worldsteel) was 125 million tonnes in January 2013, a slight increase of 0.8% compared to January 2012.

Report: Better Times on the Horizon for Steelmakers Who Survive 2013

05 February 2013 - The latest global steel report from Ernst & Young says excess steelmaking capacity globally will remain the biggest issue for the sector this year. It also questions the assumption that vertical integration in the sector adds value.

AISI: U.S. Steel Shipments Up 5.6% in First 11 Months of 2012

23 January 2013 - The American Iron and Steel Institute (AISI) reported that steel shipments from January through November 2012 were 88,465,543 tons, a 5.6% increase vs. 2011 shipments of 83,779,688 tons for 11 months.

World Crude Steel Output Increased by 1.2% in 2012

22 January 2013 - World crude steel production reached a record 1,548 million tonnes for the year 2012, led by year-on-year growth in Asia and North America while production declined in the EU and South America.

Chinese Iron & Steel Association: Steel Industry Hit by Overcapacity

25 December 2012 - China's steel industry is facing a problem of overcapacity, with steel prices at 1994 levels, a senior official said. "The steel industry is facing an increasingly difficult time, and the surplus capacity is worsening," said Zhang Changfu, secretary-general of the China Iron & Steel Association, China Daily reports.

World Crude Steel Production Rises 5% Year-on-Year

21 December 2012 - World crude steel production for the 62 countries reporting to the World Steel Association (worldsteel) was 122 million tonnes in November 2012, an increase of 5.1% compared to November 2011.

U.S. Steel Shipments Up 2.7% Month-on-Month in October

19 December 2012 - The American Iron and Steel Institute (AISI) reported that for the month of October 2012, U.S. steel mills shipped 7,430,267 tons, a 2.7% increase from the 7,233,375 tons shipped in the previous month, September 2012, and a 6.3% decrease from the 7,933,653 tons shipped in October 2011.

Fitch: Modest Margin Improvement for U.S. Steel Producers in Slow-Growth Environment

12 December 2012 - In its steel outlook published today, '2013 Outlook: U.S. Steel Producers,' Fitch Ratings highlights end-use trends, industry characteristics and producer profiles. Fitch expects further credit and operating improvements for U.S. steel producers in 2013 although downside risks from global overcapacity remains.

Eurozone Weakness to Depress Steel for Another Year

11 December 2012 - Western European steel output is unlikely to recover in 2013 due to depressed demand levels across the eurozone. Steel volumes will probably fall by up to 3%, Fitch Ratings believes, putting pressure on producers' profitability and free cash flow generation.

World Crude Steel Production Slightly Higher in October

20 November 2012 - World crude steel production for the 62 countries reporting to the World Steel Association was 126 million tonnes in October 2012, an increase of 1.3% compared to October 2011.

August U.S. Steel Shipments Up 5% from July

22 October 2012 - The American Iron and Steel Institute reported that for the month of August 2012, U.S. steel mills shipped 8,377,162 tons, a 5.9% increase from the 7,910,486 tons shipped in the previous month, July 2012, and a 0.9% increase from the 8,304,638 tons shipped in August 2011.