meps:
Latest supply/demand roundup of hot rolled coil
The European hot rolled coil market is quiet. Despite customers holding relatively low inventories, they remain cautious about purchasing beyond their immediate requirements. The approaching holiday period is likely to lead to a further softening of activity. Nevertheless, producers have been operating at high utilisation rates in the first half of the year and the total annual figure could exceed 31 million tonnes.
MEPS continues to anticipate a decline in hot rolled coil production in Japan this year. The outturn could fall by 1.5 percent year-on-year. Some recovery is forecast in 2012. New capacity has been brought on stream in South Korea. A significant increase in output is predicted in 2011.
During the second trimester, supply of hot rolled coil by Chinese producers increased marginally on the figure recorded in the same period in 2010. This pattern was due, in part, to maintenance work at a number of mills. Additionally, more of this material was being diverted to produce downstream, cold rolled and coated products. Output has started to fall as hotter and wetter weather reduces steel consumption during the summer months. A modest, quarter-on-quarter, reduction is anticipated in the third trimester.
In Brazil, imports are predicted to record a significant drop this year due to increased domestic supply and more competitively priced offers. Production of hot rolled coil could exceed 7 million tonnes in 2011. US based distributors fear that reluctance on the part of producers to cut output will lead to oversupply. Shipments could exceed 21 million tonnes this year.
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worldsteel:
May 2011 crude steel production
World crude steel production was 130 million metric tons in May 2011. This is 4.2% higher than in May 2010.
worldsteel:
April 2011 crude steel production
2011- World crude steel production was 127 million metric tons (mmt) in April 2011. This is 5.0% higher than in ...
China’s steel capacity to hit 768 million tons this year
CISA reported that it expected the country’s total steel capacity to hit 768 million tons by end of 2011, which means that the overcapacity control would become ...
worldsteel:
March 2011 crude steel production
March 2011- World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was ...
worldsteel:
February 2011 crude steel production
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 117 million metric tons (mmt) in February 2011. This is 8.8% higher than February 2010.
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