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…

Banking on the future Reply

South America’s top steelmakers strategize for success. The South American steel industry is at a turning point. After surviving the worldwide economic downturn relatively unscathed, it has proven itself not only strong on the domestic front, but a growing powerhouse on the global stage.

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Scrap & Steel: A love/hate relationship 1

It goes without saying that the steel industry needs the scrap industry; without an abundant supply of leftover steel from consumers, manufacturers and demolishers, steel plants would have to rely entirely on iron ore for their raw material.  Sure, iron ore is more pure than scrap and can produce higher-quality steel, but it’s costlier to produce, dirtier to use, and at some point, the discovery of new deposits will dry up. More…