Economy & Markets
The latest on the economy's health and the markets driving the supply and demand of steel.
Latest News
World Steel Association Forecast Points to a Down Year for Steel Demand
17 October 2024 - The World Steel Association has revised down its 2024 demand outlook, saying it now expects the world to require 1.75 billion tons this year.
Chinese Exports on Pace for 100M Metric Tons in 2024
15 October 2024 - With three months still to go in 2024, Chinese steel exports to the rest of the world have reached 81 million metric tons, up 21% from 2023, reports the Bloomberg news service.
Nippon Steel to Divest Stake in Alabama Rolling Mill
15 October 2024 - Nippon Steel Corp. will sell its 50% stake in AM/NS Calvert to partner ArcelorMittal, if Nippon Steel finalizes its acquisition of United States Steel Corporation, the company announced.
Surging Imports Prompt Liberty Steel and Wire to Pause Production
26 September 2024 - Liberty Steel and Wire is throttling back production and temporarily laying off employees at its Peoria, Ill., USA, facility, reports the (Peoria, Ill.) Journal Star newspaper.
Report: China’s Steel Industry Could See Wave of Consolidation
23 September 2024 - With nearly 75% of China’s steel producers posting losses in the first half of this year, bankruptcy is a looming risk — and one that could spur consolidation among domestic producers, reports the Bloomberg news service.
