Is steel price likely to be cut in July?

Steel prices are likely to see a downward revision in July 2021, according to metal analysts. Likelihood of global price cuts may impact the Indian prices as well. Russia is likely to impose an export tax from August and so there is a possibility of higher exports from Russian producers. Moreover, Chinese prices have seen […]

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Global steel industry associations urge governments to address excess steel capacity

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Steel industry associations in the Americas, Europe, Asia and Africa have renewed their call for governments of steel-producing economies to intensify their work in the Global Forum on Steel Excess Capacity (GFSEC). Steel industries throughout the world expressed tremendous concern about the recent increase in steel overcapacity at a time when steel demand is severely […]

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World crude steel production falls in November 2015

World crude steel production for the 66 countries reporting to the World Steel Association was 127 million tonnes (Mt) in November 2015, a -4.1% decrease compared to November 2014, the industry group said. It said in a statement that China’s crude steel production for November 2015 was 63.3 Mt, down by -1.6% compared to November […]

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