International

August 6, 2024 Steel Market Summary – International Reasons Aplenty To Believe Rough Times Ahead The steel industry is simultaneously a driver of international commerce and a captive of global affairs. Its essential role in everyday life safeguards it against most economic downturns. But it is not impervious to the tectonic shifts in world order. […]

July 5, 2024 Steel Market Summary – International Trade And Environmental Protections Assume Centre Stage The Chinese are fond of saying that a journey of a thousand miles begins with a single step. In keeping with that notion, the decarbonisation of all steelmaking in China may have just taken a small but vital step forward. […]

June 6, 2024 Steel Market Summary – International Carbon Pricing – An Opportunity Within A Levy? At a time when respected Australian academics and commentators are pointing to the European Union´s carbon border adjustment mechanism (CBAM) as a model for fixing an Australian carbon price, South Africa has announced it may lodge a formal complaint […]

May 6, 2024 Steel Market Summary – International Weak International Sentiment Faces Chinese Aggression Two major international organisations have offered a pessimistic view of the steel industry for the remainder of 2024 and into the near future. IREPAS and Eurofer both also say that increased exporting by China is making a bad situation worse. The […]

April 5, 2024 Steel Market Summary – International Politics, Prices And Going Green Dominate Politicians have the annoying habit of poking their self-interested noses into the normal flow of business and, by doing so, mucking things up. A case in point is the almost $15 billion acquisition of US Steel by Nippon Steel, announced last […]

March 6, 2024 Steel Market Summary – International Steel Market Oscillates Awaiting Direction Nippon Steel´s controversial $1.5 billion acquisition of the giant American steelmaker, US Steel, continues its tortuous journey through the labyrinth of US politics and regulatory hurdles. Nippon Steel is currently negotiating with the United Steelworkers (USW), the main union at US Steel. […]

February 7, 2024 Steel Market Summary – International The Swirling Currents Of Global Steel Trade Amid the shifting fortunes of the post-pandemic steel world, India´s growing status as a producer and consumer holds the most intrigue. Whilst still a long way behind China´s 2023 crude steel production level of 1,019 million metric tonnes, India´s 140.2 […]

January 5, 2024 Steel Market Summary – International Volatile Year Ahead As Nippon Steel Buys US Steel New Year´s resolutions and predictions for the year ahead often fade into obscurity even before we reach February. But this doesn´t stop us making them. However, the wisest forecast to make is always: “It´s hard to predict…” And […]

December 6, 2023 Steel Market Summary – International Gentle Hint Of Optimism Enters The Market The November rally in international stock markets reflects the growing belief that central banks around the world have finished with rate rises. And some sharp declines in the level of inflation in some developed countries gives further weight to that […]