The world steel industry is this year braced for the first output fall in more than a decade as capacity usage remains in the doldrums and consumers stay away from the market, a Reuters survey showed.

China's Steel Industry Introduction Over the past 30 years, China's steel production has increased at a rapid pace as the economy has industrialised and urbanised. The expansion of steel production, particularly over the past decade, has been a significant driver of China's demand for raw materials, especially iron ore and coking coal. This

When iron ore miners forced through a 19 per cent price rise two years ago, their Chinese clients were irate. Steel mills in China accused the mining industry of "breaching the rules", while ...

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RUSSIA FLAT STEEL: Market braced for coronavirus-led slowdown Prices for flat steel in Russia's Central Federal District around Moscow stabilized over the past week with trading activity limited due to the Covid-19 pandemic, …

Steel Industry ETF: A sector exchange-traded fund that invests only in companies that manufacture and market steel. The steel industry is very cyclical, as demand surges during economic boom times ...

At the moment 90 per cent of China's mills rely on blast furnaces that use iron ore to make steel. "Given that China accounts for over half …

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World's Largest Steel Industry Shrinks as China Demand Slows. Chinese steelmakers cut output last month as companies in the world's largest producer of the metal grapple with overcapacity ...

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The Chinese government ordered steel mills to ensure the annual steel output in 2021 remains on par with 2020 levels. This means during July-December, China's crude steel production has to decline by 59 million mt, or 11% on the year to 502 million mt, S&P Global Platts calculations based on National Bureau of Statistics data showed.

A growing power supply crunch in China is triggering blackouts for s and forcing factories to cut production, threatening to slow the country's vast economy and place even more strain on ...

The price of hot rolled steel in Eur ope rea ched its highest level since 2008, ... The industry is now braced . ... China's manufacturing PMI expands at slower pace in Fe bruary, ...

China's steel mills braced for slowdown . Chinese steel traders are short on good news these days. Prices for steel are falling, demand is poor, loans are hard to come by, and no relief is in sight. "There is just no demand," says one trader in the town of Tangshan. "It's much worse than [the last downturn] in 2008.

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Reuters latest poll shows analysts have lowered their expectations for China's full-year growth to 8.2% from 8.6% seen in July, with a further slowdown to 5.5% in 2022.

E China rebar prices up on NDRC comments on special bonds Dec 17, 2021; USS issues Q4 Ebitda guidance of $1.65bln Dec 16, 2021; CSI opens February flat-rolled order book Dec 16, 2021; Auto output seen improving: Worthington Dec 16, 2021; HRC slides on better availability, buying dearth Dec 16, 2021; Alton Steel to resume meltshop ops Dec 20 Dec ...

Steel Orders Jump After Covid-19 Slowdown Increased demand from manufacturers has delayed shipments, restarted mills and led to higher prices

However, the recovery in China's manufacturing sector is expected to be slow due to the global economic slowdown. Meanwhile, the WSA expects steel demand in the developed economies to fall 17.1% ...

At ground level, steel mills and iron ore traders in China say they do not see a clear light at the end of the tunnel. A key reason behind the sharp drop is …

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Steel's acute sensitivity to the ebbs and flows in construction and manufacturing makes it a closely-tracked bellwether for China's economy, which has started to slow down from the second quarter....

Meanwhile, China's consumer price index was up 2.2% in June, the lowest growth in 29 months. Although the cooling inflation leaves more room for monetary loosening for the rest of this year, it also indicates a continued slowdown of China's economic growth which, in turn, explains the slothful steel market, some traders say.

Domestic steel mills that idled furnaces last year amid fears of a prolonged pandemic-induced economic downturn have been slow in ramping up production, despite a recovery in demand for cars and ...

China's steel mills braced for slowdown. Chinese steel traders are short on good news these days. Prices for steel are falling, demand is poor, loans are hard to come by, and no relief is in sight. "There is just no demand," says one trader in the town of Tangshan. "It's much worse than [the last downturn] in 2008.

This story was supported by the Pulitzer Center on Crisis Reporting. O n June 5th last year, the town of Vidor in East Texas, home to 11,000 people, awoke in a nervous sweat. It was a hot summer ...

China Churns Out Record Steel. Crude steel production from China rose in May to an all-time high on the back of firm domestic demand and healthy margins at mills. Per the WSA, production in China, which accounts for more than half of the global steel output, went up 6.6% year over year to 99.5 Mt in May. Output also rose from 97.9 Mt in April.

* India iron ore at $185/t C&F, down from $195-$197 this wk * China mills slow down buying, eye steel price direction * Indian exporters brace for export tax hike on lumps

China, the world's largest steel maker, delivered a 1.1% rise in steel production during the time period. Economic slowdown in China has dealt a massive blow to the global steel industry. Overcapacity and lower steel prices …

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Investors braced for test of nerves in 2022 ... China slowdown dents commodities ... Indian iron ore exporters on Monday warned that demand …

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