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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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2019 Could Be a Milestone Year for Indian Steel Consumption

11 Apr 2019 - India’s domestic steel demand is expected grow more than 7% this year and is likely to cross the 100 million metric ton threshold, according to The (India) Economic Times. 

Fortescue CEO Sees Chinese Steel Production Rising This Year

11 Apr 2019 - China’s crude steel production potentially could grow to more than 950 million metric tons this year, according to the chief executive of iron ore miner Fortescue Metals Group.

Chinese Mills Should Throttle Back Production, Industry Official Says

01 Apr 2019 - The chairman of the China Iron & Steel Association is calling for domestic mills to restrain production as output rises despite that the country’s economy appears to be cooling. 

Nucor, SDI Annouce First-Quarter Earnings Guidance

21 Mar 2019 - Nucor Corp. and Steel Dynamics Inc. said they each expect that lower earnings in their sheet mill operations will impact first-quarter profits.

Joint Venture Marks Start of Construction on New Service Center

08 Mar 2019 - Georgia-based Pacesetter Steel Service Inc. and a subsidiary of Japan’s Nippon Steel & Sumitomo Metal Corp. have broken ground on a 130,000-square-foot service center in Houston, Texas.

North Star BlueScope Nears Decision on Major Expansion

25 Feb 2019 - North Star BlueScope Steel expects to make a final decision on whether to expand its Ohio sheet mill sometime in the second half of this year, but appears ready to move ahead.

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