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Economy & Markets

The latest on the economy's health and the markets driving the supply and demand of steel.

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Chinese Mills Begin Beefing Up Scrap Infrastructure

18 May 2018 - As China’s electric arc furnace capacity rises, Chinese steel mills are subsequently investing in scrap processing equipment, reports the Reuters news service.

Shares of Chinese Steelmakers Notch Down on Expectations of Rising Output

14 May 2018 - Rising production and falling steel prices have taken some of the financial sparkle off of China’s iron and steel industry, which had been benefiting from healthy demand and mill closures, reports the Bloomberg news service. 

Danieli Sees Continuing U.S. Investment

09 May 2018 - For Italian equipment manufacturer Danieli, stable steel consumption in Europe and the U.S. is leading to contracts for upgrades and modernizations. However, conditions haven’t been right for expansive, capital-intensive projects, said Danieli board chairman Gianpietro Benedetti.

Section 232 Tariffs Jeopardize European Steel Recovery, EUROFER Says

08 May 2018 - New investment and steel exports helped support healthy steel demand in the EU last year, but the U.S. Section 232 tariffs potentially could offset the gains, according to the European Steel Association (EUROFER).

Report: Investors Hope to Bring Mill to Southern Florida

06 May 2018 - A group of local investors are trying to establish an electric arc furnace-based mill in southeastern Florida, the Miami Herald reports.

Looking to the Future, Tenaris to Consider Texas Expansion

03 May 2018 - Tenaris is ramping up its new seamless tube mill in Texas, but might eventually look to expand to the operation, reports the Houston Chronicle’s FuelFix blog. 

Don't Count the Blast Furnace Route Out, Says ArcelorMittal Executive

26 Apr 2018 - Even though scrap-based steelmaking is growing, demand for steel's basic raw materials – coking coal, coke and iron ore – will be supported by new blast furnace capacity in some parts of the world, an ArcelorMittal executive said. 

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