Steel markets – short-term outlook – April 2021
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
-
China
- Reaching new highs
- Robust demand growth of 15% year-on-year led by property sector
- Production grappled with soaring demand
- Prices at all-time high
- What to expect for the rest of the year
- Demand to slow down in the remaining three quarters
- Production to follow suit but MIIT’s target far out of reach
-
US
- A sweeping infrastructure bill but, a bit bitter for steelmakers
- All but traditional infrastructure
- The verdict: demand increment to be south of 1%
- Prices
-
EU and UK
- Supply
- Demand
-
India
- Indian steel production remains upbeat, but marginal downside expected in near term
- Automotive and housing sectors perform well in Q1, will be impacted in Q2
-
Japan and South Korea
- South Korea slowly ascending on production growth trajectory; Japan marred under pressure of rising coronavirus infections
-
Southeast Asia
- Steel prices continue an unprecedented upward stride
- How did we get here?
- Domestic steel mills emerge on top
- Will prices hold? For how long?
- Iron ore
- Coal
- Green steel initiatives
- Industry developments
Tables and charts
This report includes the following images and tables:
- EU apparent demand forecast
- EU production forecast
- Q1 2021: Year-on-year growth in end-use sectors
- Highest ever production in Q1
- Trade balance improved
- Margins edged upwards in April
- US infrastructure bill and steel intensity
- American rescue plan: total steel consumption
- Automotive sales growth
- Loan growth indexed to March 2020
- Crude steel production growth
- Vehicle production growth (%)
- 8 more item(s)...
What's included
This report contains:
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