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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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North American OCTG Demand Lifts TMK Profits

19 May 2017 - Russian tubemaker TMK posted a US$42 million profit in the first quarter of 2017, buoyed by an improving oil and gas market in North America.  

So Far This Year, China Is Exporting Less Steel

08 May 2017 - China’s steel exports have declined 26% through the first third of the year, according to S&P Global Platts.

Steel M&A Picks Up as Prices Recover

08 May 2017 - Rebounding steel prices and capacity cuts in China have triggered a wave of mergers and acquisitions, and plants once considered worthless are now attracting attention from investors, reports the Reuters news service.

Bloomberg: Auto Sales Begin to Cool, But They Might Not Have Been Too Hot in the First Place

04 May 2017 - In the last few years, auto production has been a sustaining end market for steelmakers. But now, demand for cars and trucks might be starting to cool, as has been expected, reports the Bloomberg news service. 

Coal Prices, China Capacity Pose Challenges for Japan's Steelmakers

28 Apr 2017 - Japan’s three top steelmakers are successfully passing along higher raw materials costs to customers, but challenges remain as they start a new fiscal year, reports the Nikkei Asian Review. 

As Market Conditions Improve, Steelmakers Appear Ready to Invest

26 Apr 2017 - Steel prices and demand appear to beginning to recover, and steelmakers are starting to lay new bets on gradual improvement, reports the Bloomberg new service.

World Steel Association Revises Demand Forecast Upwards

21 Apr 2017 - Global steel demand is expected to rise 1.3% this year to an estimated 1.54 billion metric tons, according the latest short-range outlook from the World Steel Association. 

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