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Germany seeks a budgetary solution while steel companies complain of a loss of confidence
Germany's coalition has clammed up to resolve the budget crisis, with Chancellor Olaf Scholz telling members of his party behind closed doors that the government could raise debt limits, with steel companies warning of a 'great loss of confidence' in investment....
Steel: demand for long products in ASEAN-6 countries increases by 2.4% in 2022
The Southeast Asian Iron and Steel Institute (SEAISI) has announced that demand for long products in ASEAN-6 countries was 36.7 million tonnes in 2022, up 2.4% year-on-year, while long product production stood at 34 million tonnes, up 1% year-on-year. In the same...
Steel: European CRC and HDG prices are supported by limited supply
Prices of downstream flat steel products in Europe remained stable or slightly higher in the week to Wednesday, 22 November, despite producers' pushes for substantial increases. Slow demand from end users was the main factor dragging down prices for cold rolled coils...
Stainless steel: China’s exports fell 8.39% y-o-y in January-October
China imported 284,200 tonnes of stainless steel in October, up 22.8% month-on-month and down 8.59% year-on-year, while it exported 336,500 tonnes, down 1.91% month-on-month and up 13.76% year-on-year. China's imports and exports of stainless steel were recorded at...