International

November 6, 2024 Steel Market Summary – International Under-Performing Global Market Blames Cheap Chinese Exports   It is commonplace to hold someone else responsible for a bad outcome in which you played a crucial role. Take the Chinese, for example. At present, they are being internationally condemned for “flooding the market” with cheap exports; for dumping […]

October 6, 2024 Steel Market Summary – International Tariffs And Protectionism Rise As Industry Struggles  “CBAM is a bad instrument. It is wrongly conceived, it is almost impossible to apply, it is limited to the first phase of the cycle (Scope 1) and it’s not going to work,” declared Antonio Marcegaglia, the CEO of Italian […]

September 8, 2024 Steel Market Summary – International Battle Lines Drawn As Self Interest Rules  With regard to the health of the world economy, a popular saying over many decades has been: “When America sneezes, the rest of the world catches a cold”. Nowadays, China´s influence over global steel is so enormous that any sign […]

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 […]