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Worldsteel steel demand growth forecast revised downward to -2.3% in 2022 and 1.0% in 2023

October 20, 2022

In its latest Short Range Outlook (SRO), published yesterday, Worldsteel expects world steel demand to be 1,797 million metric tonnes in 2022 and 1,815 million tonnes in 2023. The new forecast expects a 2.3% steel demand decline in 2022 and a 1.0% increase in 2023, lowering its expectations compared to their April, 2022 forecast by […]

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US long products imports fall 37% on September, 2021 to 240kt

October 18, 2022

Based on reported import licenses, US long products imports dropped 37% from 383,000 short tons in September, 2021 to 240,000 tons last month. The decline was mainly due to lower rebar imports from Algeria, Mexico, and Turkey, together with lower wire rod imports from a number of countries including Egypt, Canada, and Algeria. Long products […]

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US flat products imports fall 26% on September, 2021 to 643kt

October 11, 2022

Based on reported import licenses, US flat products imports fell 26% from 866,000 short tons in September, 2021 to 643,000 tons in September, 2022. The decline was mainly due to lower hot rolled imports from Canada, Turkey, Japan, and the Netherlands. Imports of cut plate, cold rolled and hot dip galvanized product categories also declined. […]

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China crude steel production up 0.5% on August, 2021 to 83.9Mt, net exports rise 32%

September 23, 2022

Worldsteel reported crude steel production in China at 83.9 million metric tonnes in August, 0.5% higher than in August, 2021. Chinese production in the first eight months of 2022 was 5.7% lower than in the same period last year. Data from China’s General Administration of Customs show China’s net finished steel exports (exports minus imports) […]

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World crude steel production down 3.0% on August, 2021 to 150.6Mt

September 22, 2022

Worldsteel published August, 2022 world crude steel production today. World crude steel output was 150.6 million metric tonnes, 3.0% lower than in August, 2021. China produced 83.9 million tonnes this August, accounting for 56% of world output and rising 0.5% on August, 2021. In other parts of Asia, Indian crude steel production rose 1.2% but […]

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US long products imports rise 14% on August, 2021 to 323kt

September 19, 2022

Based on reported import licenses, US long products imports rose 14% from 283,000 short tons in August, 2021 to 323,000 tons last month. Rebar imports rose by the largest volume compared to other long products categories due mainly to higher volumes from Turkey. Long products imports in the first eight months of 2022 were 38% […]

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