FEATURED

Steel Market Summary – International

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 […]

FEATURED

SMS-Int May24

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 […]

FEATURED

SMS-Int Apr24

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 […]

FEATURED

SMS-Int Mar24

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. […]

FEATURED

SMS-Int Feb24

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 […]

FEATURED

SMS-Int Jan24

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 […]

FEATURED

SMS-Int Dec23

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 […]

FEATURED

SMS-Int Nov23

November 6, 2023 Steel Market Summary – International World Steel Association – Short Range Outlook In a world with continued high inflation, a tightening of monetary policy, an unresolved energy crisis and two significant wars underway, now is not an ideal time to be making predictions about global steel demand. Nevertheless, the World Steel Association […]

FEATURED

SMS-Int Oct23

October 6, 2023 Steel Market Summary – International CBAM Phase 1 Commences In Europe Steel trading nations around the world will be closely watching the progress of the European Union´s new carbon border adjustment mechanism (CBAM), which began its initial stage last Sunday. CBAM is the world´s first system to impose CO2 emissions tariffs on […]

FEATURED

SMS-Int Sept23

September 6, 2023 Steel Market Summary – International China´s “Chicken Or The Egg” Steel Dilemma Politically and economically, the first 20 years of this century were a breeze for China. Surging annual GDP figures were accompanied by largely unchallenged geo-political expansion. However, since the pandemic began, the country which makes almost 60% of the world´s […]