Steel News

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.

September World Crude Steel Production Was Flat Year-on-Year

22 October 2012 - World crude steel production for the 62 countries reporting to the World Steel Association (worldsteel) was 124 million tonnes in September 2012, recording no change compared to September 2011.

Concerns Raised Over Price Volatility and Protectionism at worldsteel Conference

12 October 2012 - Price volatility and fear of increasing barriers to trade were on the minds of speakers and delegates at the annual conference of the World Steel Association that began in New Delhi on Wednesday, Platts reports.

worldsteel Releases Short Range Outlook for Global Apparent Steel Use

12 October 2012 - The World Steel Association forecasts that global apparent steel use will increase by 2.1% in 2012, which is considerably lower than the 6.2% growth achieved in 2011. In 2013, world steel demand will grow by 3.2% and reach a record high of 1,455 million tonnes.

Brisk Demand Makes India a Bright Spot for Global Steelmakers

28 September 2012 - India is emerging as the sole bright spot for global steelmakers as brisk demand coupled with scarcity of raw material looks set to buoy imports by Asia’s third-largest economy in the next two years, bucking a slowdown that has hit even top consumer China, Reuters reports.

August World Crude Steel Production Slightly Lower Year-on-Year

20 September 2012 - World crude steel production for the 62 countries reporting to the World Steel Association was 124 million tonnes in August 2012, a decrease of -1.0% compared to August 2011.

July U.S. Steel Shipments at Lowest Monthly Level So Far This Year

18 September 2012 - The American Iron and Steel Institute reported that for the month of July 2012, U.S. steel mills shipped 7,910,486 tons, a 1.3% decrease from the 8,016,834 tons shipped in the previous month.

EU Stainless Steel Demand Seen Unlikely to Rebound Until 2013

14 September 2012 - European demand for stainless steel is likely to remain weak at least until next year as economic stagnation in the region and tight finance crimp major consumers such as the automotive and construction sectors, market participants told Reuters.

World Steel Association Reports July Crude Steel Production 2% Higher Year-on-Year

21 August 2012 - World crude steel production for the 62 countries reporting to the World Steel Association (worldsteel) was 130 million tonnes in July 2012, an increase of 2.0% compared to July 2011.

worldsteel Reports June 2012 Crude Steel Production 0.1% Lower Year-on-Year

20 July 2012 - World crude steel production for the 62 countries reporting to the World Steel Association (worldsteel) was 128 million tonnes in June 2012, a decrease of -0.1% compared to June 2011.

EUROFER: Weak Confidence, Cash and Credit Issues Backfire on EU Steel Demand

16 July 2012 - EUROFER’s third quarter 2012 steel market outlook signals that market fundamentals may remain depressed longer than expected. Only from the second quarter of 2013 onwards is EU steel demand forecast to improve again, the European Steel Association (EUROFER) said this week.

NLMK Temporarily Reducing Pig Iron Production

06 July 2012 - NLMK announced it is idling the No. 2 blast furnace at its Lipetsk plant for a period of 60 days beginning today due to a deterioration in demand for pig iron in Russia and abroad.

Tata Steel to Assess Market Demand Before Relighting Port Talbot Furnace

26 June 2012 - Tata Steel said it may delay relighting the No. 4 blast furnace at Port Talbot, Wales, if market demand towards the end of the year does not justify immediate production.

Rio Tinto Takes Next Steps in its Iron Ore Development Plans

21 June 2012 - Rio Tinto is taking the next steps in its phased investment program by committing US$4.2 billion to develop its tier one iron ore business.

World Steel Association Reports Global Output 0.7% Higher Year-on-Year in May

20 June 2012 - World crude steel production for the 62 countries reporting to the World Steel Association was 131 million tonnes in May 2012, an increase of 0.7% compared to May 2011.

ArcelorMittal to Idle Another Two European BFs

20 June 2012 - ArcelorMittal will idle two European blast furnaces in the third quarter to perform furnace relines.

American Iron and Steel Institute Releases 2011 Annual Statistical Report

15 June 2012 - The American Iron and Steel Institute announced the release of its 2011 Annual Statistical Report, which provides statistical data for the United States steel industry plus a variety of selected statistical data on the Canadian, Mexican and world steel industries.

World Stainless Production Shrank Slightly in First Quarter

14 June 2012 - The International Stainless Steel Forum (ISSF) released preliminary data showing that stainless steel production shrank by 2.8% in the first three months of 2012. Total production was 8.6 million tonnes for the quarter, down from 8.8 million tonnes in the corresponding period of 2011. All areas showed a decrease in production in the year-on-year comparison.

India’s Stainless Consumption Expected to Hit 3.4 Million Tons by 2015

07 June 2012 - It is expected that India’s stainless steel consumption will rise at a compounded annual growth rate of 9.7% to hit 3.4 million tons by 2015, exceeding the global consumption growth rate of 6% to 34.12 million tons.

NDRC Issues Operating Results for Chinese Steel Industry, January to April

07 June 2012 - According to China National Development and Reform Commission, in April this year China overall output of crude steel increased by 2.6% YoY, with the growth rate down 4.5 percentage points as compared with April 2011.  In the same month, China finished steel output increased by 7.9% YoY, with the growth rate down 0.4 percentage points YoY.