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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 Steel Production Reaches New High

17 Jan 2020 - Robust demand pushed China’s crude steel production to a record 996 million metric tons in 2019, reports the Reuters news service. 

ArcelorMittal Blast Furnace to Return to Service, But Other Outages Planned

10 Jan 2020 - ArcelorMittal intends to put an idled blast furnace back into service at its Gijón plant in northern Spain, but will halt other production lines this quarter in order to cope with lower demand, reports Kallanish Steel. 

Liberty Announces Layoffs at U.K. Mills

10 Jan 2020 - Citing challenging market conditions, Liberty Steel Group will lay off up to 355 employees at its U.K. mills in South Yorkshire and South Wales, the company has said. 

Monnet Ispat Eyes Restart 

02 Jan 2020 - Indian steelmaker Monnet Ispat & Energy is to resume steel production this month following an extended outage for maintenance and upgrades, according the Business Standard newspaper. 

Nippon Steel Nisshin to Halt Blast Furnace

26 Dec 2019 - Nippon Steel Nisshin Co. Ltd. plans to bank a blast furnace in southern Japan next year, saying that a slowing market and other factors necessitated the move.

U. S. Steel Accelerates Best of Both Strategy

20 Dec 2019 - United States Steel Corporation plans to indefinitely idle parts of its Great Lakes Works in Michigan next year as it advances its “best of both” strategy, through which it intends to narrow its operational focus to a few core integrated assets and expand into electric arc furnace steelmaking.

Steel Demand Intact, But SDI Expects Lower Q4 Profits 

17 Dec 2019 - Planned outages, lower prices and seasonally lower shipments are likely to offset Steel Dynamics Inc.’s fourth-quarter profits, the company has said.  

ArcelorMittal, Nippon Steel Look to Expand Essar Steel

16 Dec 2019 - ArcelorMittal and joint venture partner Nippon Steel Corp. have finalized their acquisition of Essar Steel India Ltd., completing a deal that gives both a foothold in the growing Indian steel market. 

Faster Than a Speeding Bullet, Tesla's Cybertruck Is Also Impervious to Them, Thanks to Its Stainless Steel Construction

22 Nov 2019 - Ford Motor Co. rattled the steel industry back in 2014 when it debuted an aluminum-bodied version of the best-selling Ford F-150 pick-up. And now, it’s Tesla’s turn to shake up the automotive market with its electric Cybertruck, which was revealed Thursday.  

TMK Sees Revenue Dip in First Three Quarters of 2019

20 Nov 2019 - Revenues at Russian oil country tubular goods maker PAO TMK declined 4% through the first nine months of 2019 on account of reduced sales in North American and Europe, the company said Wednesday. 

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