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Steel: worldsteel forecasts demand recovery in 2023
According to Worldsteel, steel demand will contract by 2.3% in 2022, reaching 1,796.7 Mt, after increasing by 2.8% in 2021. In 2023, steel demand will recover by 1.0 percent to 1,814.7 Mt. The current forecast represents a downward revision from the previous one,...
Primary aluminum: market in deficit until August 2022
Total primary aluminum stocks declined over the eight-month period, closing at 598 thousand tons below end-2021 levels. The report on metal balances from January to August 2022, published by WBMS, indicates that the primary aluminum market closed in deficit by 797...
Chemical products: growth slows for rubber
Consumption of many rubber processing chemicals recovered slightly in 2021, after declining in most markets in 2020 due to the impact of COVID-19. The global market for rubber processing chemicals was just over 1.5 million tons in 2021, worth $6.2 billion, according...
Steel rebar: as Chinese price hits 3-month low, sales rebound
As of Oct. 17, China's domestic rebar price fell to $614/mt including VAT, hitting a three-month low, while spot sales of construction steel rebounded moderately. On Tuesday, trading volume of construction steel (rebar, wire rod and coil) among China's major trading...