Commodity Market Report

Global steel short-term outlook May 2018

From

$1,350.00

You can pay by card or invoice

From

$1,350.00

You can pay by card or invoice

Get this Commodity Market Report as part of a subscription

Enquire about subscriptions

Already have a subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Submit your details to receive further information about this report.

  • An error has occurred while getting captcha image
For details on how your data is used and stored, see our Privacy Notice.
 

Summary

The latest round of statistical releases has confirmed the inevitable, and global steel demand growth is now showing signs of slowing. In the US, the erratic government policy has started to smother the domestic market, particularly the automotive sector. The unresolved NAFTA negotiations, CAFE standards, high steel prices and now the 232 investigation into automotive trade have all acted to compound uncertainty and defer investment decisions in the sector. Similarly in Europe, the signs of deceleration are becoming apparent as automotive registrations have been easing through the first quarter. Meanwhile in China, we continue to forecast moderate steel demand growth. However, further restrictions on housing purchases and falling white good exports pose downside risks to our view. 

What's included

This report contains

  • Document

    Global steel markets short-term outlook data May 2018.xls

    XLS 278.00 KB

  • Document

    Global steel short-term outlook May 2018

    PDF 516.11 KB

  • Document

    Global steel short-term outlook May 2018

    ZIP 627.79 KB

Why buy this report?

Our detailed report looks at why global steel demand growth is now showing firm signs of slowing. Make strong investment decisions on global opportunities by using this report to:

  • Understand the trends our analysts see for production in 2018 and beyond
  • How the current uncertainty in the market will impact on pricing looking forward to 2022
  • The accompanying spreadsheet will allow you to delve into the detail of our forecasts by country producer

Report snapshot

Report snapshot

Tables and charts

This report includes 38 images and tables including:

Tables

  • Key annual data
  • Key prices
  • Scrap quarterly and annual prices
  • Costs: Table 2
  • Summary table
  • Unresolved initiatives that impact the US steel market
  • Supply-demand balances: Table 2

Images

  • Except in Europe, costs have continued to fall faster than steel prices, supporting steelmakers margins.
  • Margins for rebar producers in China have strengthened ahead of expectations.
  • Global crude steel production
  • Manufacturing Purchasing Managers' Index
  • Emerging economies steel consumption
  • Mature economies steel consumption
  • Steel production growth eases
  • Steel stocks fell 20% month-on-month as demand remains strong
  • Construction PMI eases
  • Crude steel production growth strong in April
  • Domestic steelmakers have continued to benefit...
  • Steel stocks have remained broadly unchanged...
  • Steel demand growth is picking up momentum...
  • Domestic steel prices to remain high...
  • Domestic demand has weakened...
  • ... and lower exports have slowed steel production
  • Crude steel production high...
  • Hot-rolled coil prices edge down
  • Automotive growth continues
  • Steel production recovers in April
  • China's rebar prices softened on construction stoppages in Shandong ...
  • ... however the acute fall in traders' stocks suggests healthy steel demand overall
  • China lowered import tariffs on automotive imports. Good news for EU exporters
  • Domestic demand for vehicles has thinned out. Global growth should favour exports
  • Spot margins remain high in the EU, but they have fallen every month since February
  • Automotive is the second largest steel consuming sector in the US
  • and US steelmakers have a high exposure to it
  • Imports play an important part in the US automotive market
  • High regional price spreads have continued to attract steel imports, despite 232 policies
  • China construction strength has supported rebar prices in May.
  • HRC and Rebar prices have faltered in Europe ahead of expectations.

You may be interested in

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898