By CRU Principal Analyst James Campbell, from CRU’s Steel Long Products Monitor Long product prices have fallen in most regions this month as demand was lower than expected. Part of the weakness was seasonal, but parts of Asia were also affected by further outbreaks of Covid-19. Except for the USA, the tight supply seen in […]
By CRU Principal Analyst James Campbell, from CRU’s Steel Long Products Monitor Global long product prices have increased to the highest level since 2008. Global supply has tightened due to production cuts and changes to export tax rebates in China. Demand is strong in many regions, but Covid-19 outbreaks and seasonal patterns mean some weakness […]
By CRU Principal Analyst James Campbell, from CRU’s Long Products Monitor Most long product prices around the world increased this month as the recovery in demand continues. For some markets and products, the increase in supply has been outpaced by demand. Wire rod remains the strongest product right now as the increase in construction activity […]
By CRU Principal Analyst James Campbell, from CRU’s Global Steel Trade Service The recent acceleration in news of a pre-approved vaccine has led us to bring forward the economic recovery to the first half of 2021. Confidence has returned and spending is resuming. An earlier-than-expected vaccine provides upside risks to our automotive and construction outlook. […]
By CRU Principal Analyst James Campbell from CRU’s Long Products Monitor Global long product prices increased in many markets this month as strengthening demand combined with higher costs and for some products in particular. Strength was not uniform however; prices were weaker in Southeast Asia and China, the latter due to weaker sentiment following lower […]
By CRU Principal Analyst James Campbell, from CRU’s Steel Sheet Products Market Outlook Sheet demand collapsed in 2020 Q2 to the lowest level in a decade. As lockdowns eased in May, manufacturing activity improved, and prices increased in most regions. Global sheet demand is expected to improve in 2020 Q3 and accelerate in 2021. However, output will […]
By Principal Analyst James Campbell, from CRU’s Steel Plate Products Market Outlook The coronavirus outbreak in Wuhan has led to Chinese New Year holidays being extended and transportation restrictions introduced in order to contain the spread of the virus. Steel demand is normally weak during this period, but production continues as usual. Every day of […]
By CRU Analyst James Campbell, from the Steel Sheet Products Market Outlook 2019 was a bad year for the steel industry. Prices and margins collapsed and, outside of China, demand contracted. However, the combination of a new restocking cycle and reduced output in many markets allowed producers to raise prices and margins at the end […]
By CRU Principal Analyst James Campbell, from CRU’s Long Products Monitor Steel longs prices have changed direction this month with rises now observed in many markets. Although underlying demand has improved in some regions it is still weak elsewhere. Buyers in many regions have restocked in the last month while producers exposed to scrap and […]