China’s steel production continues to grow as the rest of the world contracts. Figure 1 shows annualized monthly global steel production on a three-month moving average (3MMA) basis and capacity utilization since January 2000. The OECD has taken over responsibility for tracking global steel capacity. Their data shows that global capacity declined each year 2016 […]
The World Steel Association is relatively bullish on steel demand in its October Short Range Outlook despite global economic challenges. Global steel demand will grow by 3.9 percent to 1,775.0 million metric tons in 2019 and will grow by another 1.7 percent in 2020, reaching 1,805.7 million metric tons. Steel demand in China is expected […]
The World Steel Association reports that total global crude steel production in May increased to 162.7 million metric tons (179.3 million short tons), an increase of 5.4 percent over May 2018. Leading the way was China with a 10 percent increase to 89.1 million metric tons (98.2 million short tons). Chinese production exceeded an annual […]
Global steel demand will top 1.75 billion metric tons by the end of next year, despite economic headwinds in many parts of the globe, predicts the World Steel Association in its April 2019 Short Range Outlook. Worldwide, steel demand will increase by 1.3 percent this year to 1,735 Mt, followed by further 1 percent growth […]
John Ferriola, chairman, president and CEO of Nucor Corp., has been named vice chairman of the World Steel Association board of directors. Ferriola will serve a one-year term with the Brussels-based trade association. Named as chairman of the worldsteel board was Kosei Shindo, president of Nippon Steel and Sumitomo Metals Corp. Ohjoon Kwon, CEO of […]
Global steel demand growth is expected to moderate in 2018, mainly due to slowing in China, but should maintain its momentum in the rest of the world, according to a generally optimistic short-range outlook from the World Steel Association (worldsteel). The Brussels-based trade association, whose members account for 85 percent of the world’s steel production, […]
The global steel industry continues to improve its sustainability record in environmental, social and economic performance, according to the World Steel Association 2017 sustainability report. Worldsteel surveyed 126 steel companies and six associations regarding eight sustainability indicators. The group represents 54 percent of global crude steel production for 2016 or 875 million tons of steel. […]
John Ferriola, Chairman, CEO and President of Nucor Corp., has been elected Chairman of the World Steel Association (worldsteel). The elections for officers and the 2016 Executive Committee were held at worldsteel’s 50th Annual Conference in Dubai, UAE. Officers for worldsteel will serve for a period of one year. The new officers for 2016/2017 are: […]
The World Steel Association (worldsteel) released its Short Range Outlook for 2016 and 2017. According to the new report, global steel demand will increase by 0.2 percent to 1,501 million tonnes in 2016. Steel demand contracted by 3.0 percent in 2015. The 2017 forecast is for global steel demand to grow 0.5 percent to 1,510 […]
Global steel demand will decrease by -1.7 percent to 1,513 million tonnes in 2015, according to the World Steel Association’s Short Range Outlook for 2015 and 2016. The 2015 decrease follows a gain of 0.7 percent in 2014, the same amount of growth that WSA expects to see again in 2016 as steel demand reaches […]
Latin America is China’s second largest market for steel exports, receiving 8.3 million tons of steel in 2014. Alacero, the Latin American Steel Association, was one of eight steel organizations representing steel interests in North America, Latin America and Europe to express concern over China’s “Steel Adjustment Policy 2015.” SMU asked Alacero to comment on […]
The World Steel Association has downgraded it Short Range Outlook for apparent steel usage for 2014 and 2015 to 2 percent each year-over-year from it’s previous April forecast of 3.1 percent in 2014 and 3.3 percent in 2015. The slowing markets in China, South American and CIS were cited as reasons for the changed in […]
The Board of Directors of the World Steel Association (worldsteel) has elected the following new officers for 2013/2014: Chairman: POSCO Chairman and CEO Joon-Yang Chung Vice Chairmen: Severstal JSC CEO Alexey Mordashov, voestalpine AG CEO and Chairman Wolfgang Eder Treasurer: JFE Steel Corporation CEO and President Eiji Hayashida The new chairman takes office from Wednesday […]
Apparent steel use is expected to grow around 3 percent for both 2013 and 2014 says the World Steel Association in its Short Range Outlook. lobal steel demand is expected to increase to 1.475 billion metric tons in 2013, up 3.1 percent over 2012. WSA says steel use will continue its growth trend in 2014 […]