Search results
Jan 10, 2024 · United States Section 232 import tariffs, the EU CBAM and the so-called low-emission ‘Steel Club’ planned by the EU and US are among the measures placing trade restrictions on steel imports. As the threat of tariffs from major steel consuming markets increases, as does the likelihood of retaliatory legislation.
Prices soften on weaker steel demand outlook. Steel prices essentially collapsed in May through early July. The Russian invasion of Ukraine caused prices to rise by $500 per ton in Europe and the United States, but they were already back down by $600 or more by mid-July. Another $200–250 per ton is expected for coil; the question is whether ...
Apr 18, 2023 · However, several signs of market slowdown began to appear in early 2022. As a result, steel demand outlooks have been revised downward: in April 2022, the World Steel Association’s short-range outlook was less optimistic than the one from late 2021, and its October 2022 demand forecasts for 2022 and 2023 saw downward revisions of 2.7 and 1.2 percent, respectively. 1 “Worldsteel short range ...
2 days ago · World Steel identified the continuing decline of China’s real-estate market as the cause of a -3.0% drop in forecast 2024 steel demand there, and a further -1.0% drop in Chinese demand for 2025. “We acknowledge an upside risk to our 2025 forecast,” the group offered.
3 days ago · The World Steel Association (worldsteel) has today released its Short Range Outlook (SRO) steel demand forecast for 2024 and 2025.
Jul 9, 2024 · Prices for the metal have fallen about 40% since the start of the year. They’re also way down from unprecedented highs reached a few years ago, when demand for steel surged after the pandemic ...
People also ask
Why are steel prices so low?
Will high demand in China raise the price of steel products?
Why did US raw steel production increase in the week ending May 29?
What trends will shape the steel industry in the next 10 years?
What is the outlook for 2023 steel demand?
Does China have a steel market?
Jun 3, 2021 · U.S. raw steel production expanded on a weekly basis for the week ending May 29 on an increase in capacity utilization to above the important 80% level amid strong domestic demand. According to ...
