Steel short-term outlook August 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
- Steel demand recovers in August but not ideal
- Steel supply to decline for the rest of 2021
- Mill margins recovered, destocking pace will be key to steel prices in September
-
US
- Bipartisan Infrastructure Framework: an infrastructure bill, not a steel one
- Production: full recovery may not be seen in 2021
- meanwhile, the appetite for imports is soaring!
-
EU and UK
- European steel production catching up with pre-pandemic level
- Post-lockdown rebound in European car sales is slowing down
- Construction continues to show improvement but business sentiment in Europe is sliding
- Steel prices to retreat but remain elevated
-
India
- Strong steel production despite subdued domestic demand
- but domestic demand to recover with range-bound steel prices
-
Japan
- Growth to stutter in the second half
-
South Korea
- South Korea to bridge the demand gap with Japan
- Iron ore
- Coal
- Scrap
- Green steel initiatives
- Other key industry developments
Tables and charts
This report includes the following images and tables:
- Weekly rebar demand is recovering from bad weather impact (Mt)
- HRC demand lackluster slowing amid weaker manufacturing (Mt)
- August crude steel production to remain weak (Mt)
- CISA crude steel production rates dipping (Mt/day)
- Steel intensity for selected bridges
- Upcoming planned capacity outages
- Monthly production and utilisation rate
- Steel and pig iron imports
- EU-27+ UK crude steel production
- Top 4 EU-27 + Turkey crude steel production
- Steel HRC Northern Europe price
- 7 more item(s)...
What's included
This report contains:
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