Market News

30 06/2023

East Asia and Southeast Asia will drive steel demand recovery

According to Worldsteel forecast, global steel demand will start to recover in 2023 after falling 3.2% in 2022. East Asia and Southeast Asia will contribute the majority of demand growth in 2023, offsetting weakening in Europe and the United States.

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26 06/2023

Overview of the global steel market – May 2023

The downtrend in China's construction activity, which has slowed since April due to a weaker-than-expected real estate sector, is expected to continue into June, putting Chinese steel prices under pressure. Steel demand and Chinese steel prices may rebound in August-September, given the fiscal boost to the infrastructure sector and its spillover effects on the manufacturing sector. But the upside could be modest, unless government-mandated steel production cuts can be triggered.

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21 06/2023

Iron ore prices fall as China issues warnings, controls production in Tangshan

Iron ore prices fell on Monday after Chinese planners issued a warning to prevent speculation in the market and new production restrictions were introduced in major steel-producing cities. of China.

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