Kim Marti Subirana of Celsa Group, the chairman of the rebar and wire rod suppliers’ committee, said that the long steel market has started to gain stability, after the low activity levels experienced in February due to the cold winter in the northern hemisphere, adding that market activity is expected to accelerate in the coming month in line with better weather and increased construction activity. More…
Tag Archives: steel market
Exceeding expectations Reply
Uğur Dalbeler, General Manager of Turkey-based Çolakoğlu Metalurji AŞ and Chairman of IREPAS, discussed his high hopes for the Turkish steel market with SteelOrbis Istanbul during the fall SteelOrbis conference and IREPAS meeting. More…
Who’s full of it, optimists or pessimists? Reply
Wherever you look, you’ll see crisis after crisis. Economies in Europe and the US are stalling and some are even on the brink of another downturn. Add to that the enormous amount of debt burdening the US and the Eurozone and you can easily see that the next economic meltdown is just around the corner. More…
Time to say “I told you so”? Reply
Mr. Bull: Once again you must have been very satisfied with recent events that, on the very surface only, seemed to support your dire outlook. It appears that the global economic recovery in general is taking a breather and, specifically, most advanced economies are struggling once again. Growth in the US is faltering and the Eurozone seems to be in permanent bail-out mode. More…
Getting close to the edge of the woods Reply
Demand, or a lack thereof, finally caught up with reality and HRC prices have crashed down to earth, dropping about $160/mt in the process. A lot of the earlier, pent-up demand happened because of “restocking” inventory. Guess what? Latest surveys of steel consumers show a high inventory level. More…
Supply-demand shake up Reply
SteelOrbis Shanghai discusses iron ore prices, Chinese economic policies, and their effects on the Chinese and global steel industries with Haiming Qian, Managing Director of Shanghai-based steel and raw material trader Cumic Steel Limited. More…
Thinking outside the box Reply
For those attending steel industry events this spring, new approaches in the “new normal” were the most frequent topics of discussion. More…
Start to 2011 Reply
What a promising start to 2011! Even though rapidly-rising steel prices have been met with a measure of restraint, and the robust levels of purchasing activity were largely based on inventory restocking, the situation did not necessarily inflate into a bubble as many predicted early in the year. More…
New normal or new bubble? Reply
he last time we spoke, Mr. Bull, you advised me to look out for your steaming freight train that was about to hit, or at least arrive, in Q1 2011. I have been on the lookout ever since, straining my eyes and even buying more powerful binoculars. More…
