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Weak demand leads to second decline in steel prices

Weak demand leads to second decline in steel prices

Feb-20-2024

When weak demand persists in the steel industry, it can result in a second decline in steel prices. Weak demand indicates reduced buying activity from industries and sectors that rely on steel, such as construction, automotive, and manufacturing.With decr

The steel industry may open a rising channel

The steel industry may open a rising channel

Feb-01-2024

The concept of a "rising channel" in the steel industry typically refers to a pattern or trend where prices and market conditions exhibit an upward trajectory over a certain period. Although it is important to note that future market trends are

The steel industry has strong supply and weak demand

The steel industry has strong supply and weak demand

Feb-01-2024

When the steel industry experiences strong supply and weak demand, it typically results in challenging market conditions. This situation can lead to various impacts on the industry as a whole.With strong supply, there is an excess of steel available in th

The off-season effect of the steel industry continues

The off-season effect of the steel industry continues

Feb-01-2024

The off-season effect in the steel industry refers to a period characterized by reduced demand and lower production levels compared to peak seasons. This phenomenon can occur due to various factors, such as seasonal fluctuations in construction activity,

The downward drive of steel raw material costs is obvious

The downward drive of steel raw material costs is obvious

Feb-01-2024

The downward drive of steel raw material costs refers to a situation where the prices of key inputs used in steel production, such as iron ore and coking coal, are experiencing a noticeable decline. This can be influenced by various factors including glob

Competition in the steel industry is fierce

Competition in the steel industry is fierce

Feb-01-2024

Competition in the steel industry is indeed fierce due to several factors. First, there are numerous steel producers globally, resulting in a crowded market. These producers often compete on price, quality, and delivery times to secure customers and contr

The decline in total steel consumption in China is an inevitable trend

The decline in total steel consumption in China is an inevitable trend

Dec-27-2023

The decline in total steel consumption in China is considered by many as an inevitable trend. Several factors contribute to this expected decline.Firstly, China's economic growth has entered a new phase characterized by a moderation in industriali

Falling steel prices are a global phenomenon

Falling steel prices are a global phenomenon

Dec-27-2023

Falling steel prices are indeed a global phenomenon, affecting steel markets across different countries and regions. Several factors contribute to this trend on a global scale.Firstly, weakened demand in key steel-consuming sectors such as construction, a

China's steel production is positioned to meet domestic demand in the long term

China's steel production is positioned to meet domestic demand in the long term

Dec-21-2023

China's steel production is well positioned to meet domestic demand in the long term. Several factors support this outlook.Firstly, China has a strong and growing economy that drives significant demand for steel across various sectors such as cons

China's steel market shows strong resilience

China's steel market shows strong resilience

Dec-21-2023

China's steel market has demonstrated strong resilience in recent years. Despite various challenges, the market has shown the ability to adapt and rebound, highlighting its robustness.One factor contributing to the market's resilience is C

China's steel industry is entering a new stage of development

China's steel industry is entering a new stage of development

Dec-20-2023

China's steel industry is entering a new stage of development, characterized by restructuring, upgrades, and shifts in focus. Several factors contribute to this transition.Firstly, the industry is moving towards a more sustainable and environmenta

Turkish steel demand is expected to achieve a substantial year-on-year growth of 19.0% in 2023

Turkish steel demand is expected to achieve a substantial year-on-year growth of 19.0% in 2023

Nov-16-2023

Turkish steel demand is projected to experience a significant year-on-year growth of 19.0% in 2023. There are several factors contributing to this expected surge in steel demand.Firstly, Turkey has a strong construction sector, which is a major consumer o

Steel demand in the ASEAN region is expected to grow by 3.8% year-on-year in 2023

Steel demand in the ASEAN region is expected to grow by 3.8% year-on-year in 2023

Nov-16-2023

Steel demand in the ASEAN region is projected to grow by 3.8% year-on-year in 2023. Several factors contribute to this expected growth.Firstly, the ASEAN region is experiencing rapid urbanization and industrialization, leading to increased infrastructure

Steel demand in developed economies is expected to grow by 2.8% year-on-year in 2024

Steel demand in developed economies is expected to grow by 2.8% year-on-year in 2024

Nov-14-2023

Steel demand in developed economies is expected to rebound and grow by 2.8% year-on-year in 2024. Several factors contribute to this anticipated growth.Firstly, as the global economy recovers from the impacts of the COVID-19 pandemic, developed economies

Steel demand in developed economies is expected to decline by 1.8% year-on-year in 2023

Steel demand in developed economies is expected to decline by 1.8% year-on-year in 2023

Nov-14-2023

Steel demand in developed economies is projected to decline by 1.8% year-on-year in 2023. This downward trend can be attributed to several factors affecting the steel industry in these economies.Firstly, the ongoing effects of the COVID-19 pandemic, inclu

China's steel demand is expected to grow by 2.0% year-on-year in 2023

China's steel demand is expected to grow by 2.0% year-on-year in 2023

Nov-14-2023

China's steel demand is expected to grow by 2.0% year-on-year in 2023. This growth projection reflects various factors influencing the country's steel industry.Firstly, China continues to invest heavily in infrastructure development, inclu

Steel exports remain high

Steel exports remain high

Oct-16-2023

Steel exports can be influenced by various factors such as global demand, economic conditions, trade policies, and production capacities of steel-producing countries.However, historically, steel exports have been significant for many countries due to thei

EU plans to launch a countervailing investigation into Chinese steel

EU plans to launch a countervailing investigation into Chinese steel

Oct-16-2023

Countervailing investigations are tools used by governments to determine if imported goods are being subsidized and causing harm to domestic industries.If the EU were to initiate such an investigation into Chinese steel, it would involve examining whether

Short-term steel prices are expected to remain volatile

Short-term steel prices are expected to remain volatile

Sep-01-2023

Short-term steel prices are expected to remain volatile due to various factors influencing the global steel market. Several key factors contribute to this volatility:1. Economic Conditions: Fluctuations in global economic growth and industrial activity ca

Overall stable operation of the main steel industry from January to July

Overall stable operation of the main steel industry from January to July

Sep-01-2023

From January to July, the main steel industry in China experienced overall stable operation. During this period, the industry maintained steady production levels and market performance.Several factors contributed to this stability. Firstly, government pol

Steel industry adapts to sustainable practices, driving environmental progress

Steel industry adapts to sustainable practices, driving environmental progress

Aug-18-2023

The steel industry is undergoing a significant transformation as it adapts to sustainable practices, driving environmental progress. With growing concerns about climate change and resource conservation, steel manufacturers are increasingly prioritizing su

Global steel demand surges as infrastructure projects drive growth

Global steel demand surges as infrastructure projects drive growth

Aug-18-2023

Global steel demand is experiencing a significant surge as infrastructure projects drive growth across the world. Governments and private sectors are investing heavily in infrastructure development, leading to increased consumption of steel.Major construc

India's steel imports are expected to reach 5 million tons in 2023-24

India's steel imports are expected to reach 5 million tons in 2023-24

Jul-28-2023

For the current fiscal year starting from April 1st, it is expected that India's steel product imports will be around 5 million tons, mainly flat steel products. Government data shows that this will be approximately 1 million tons lower than the p

China's steel imports decreased by 19000 tons in June compared to the previous month

China's steel imports decreased by 19000 tons in June compared to the previous month

Jul-28-2023

According to the China Iron and Steel Association on July 27, China imported 612000 tons of steel in June, down 19000 tons month on month and 179000 tons year on year; The average import unit price was 1661.4 US dollars per ton, a decrease of 4.4% month o

South Korea's steel exports to Singapore are expected to grow by approximately 20% annually

South Korea's steel exports to Singapore are expected to grow by approximately 20% annually

Jul-11-2023

On June 21st, the Structural Steel Center of the Korea Steel Association announced that the KS (Korea Standards) Korean standards have been incorporated into the Singapore First Class Building and Construction Guidelines (BC1). The KS Korean standard cove

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