In China, stronger than expected manufacturing activity, accelerated capacity closures, soaring raw material costs and speculation have all led to a surge in steel prices that has had an impact worldwide. In Europe and the US this has shrunk the relative regional price premia and combined with aggressive trade defences resulted in easing imports. While this has allowed for some increase in domestic steel prices, ongoing destocking has prevented any noteworthy recovery in domestic steel shipments and production. As part of this update we discuss what to expect next across the key regions.
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Global steel long-term outlook Q4 2016.pdf PDF - 2.11 MB
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As global demand weakens and commodity prices fall, we're seeing a challenging environment in the metals and mining industry. Mining companies are increasingly coming under pressure to reduce operating costs, causing many to shift their strategic planning, delay new investments and look to long-term future growth.
This Steel Long Term Outlook report provides a detailed breakdown of global supply and demand balances in this market, as well as price forecasts.
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Commodity market report | Dec 2016
Global steel long-term outlook Q4 2016
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