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Steel Market Summary – International

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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]