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  • The World Steel Association (Worldsteel) has released its Short Range Outlook (SRO) for 2015 and 2016. Worldsteel forecasts that global steel demand will decrease by -1.7% to 1,513 Mt in 2015 following growth of 0.7% in 2014. In 2016, it is forecast that world steel demand will show growth of 0.7% and will reach 1,523 Mt.

  • EU steel demand is expected to rise by 1.5% in 2015 on the back of sustained momentum in Europe’s economic growth, despite ongoing uncertainty. However, European producers are not expected to benefit as improving steel demand will be met by imports of the metal, anticipated to be up 5% this year.

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  • The World Steel Association (Worldsteel) has released its Short Range Outlook (SRO) for 2015 and 2016. Worldsteel forecasts that global apparent steel use will increase by 0.5% to 1,544 Mt in 2015 following growth of 0.6% in 2014. In 2016, it is forecast that world steel demand will grow by 1.4% and will reach 1,565 Mt.

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  • The BIR has welcomed OECD proposals of multilateral action to counter the harmful impact of export restrictions on steelmaking. The advice was given at an OECD workshop in Cape Town on December 11 which highlighted the detrimental effects of such export restrictions and the efficiency gains to be made from their simultaneous removal both upstream and downstream of steelmakers.

  • Steel supplied on the EU market by European steel producers complies with the European regulations and standards. This is not guaranteed in the case of Chinese steel imported in the EU, notably imports of wire rod, rebar and bar, as well as hot-rolled coil and heavy plate. “Steel made in Europe means reliability in trade, stability of properties during processing and safety in the use of the material”, Eurofer Director Axel Eggert says.

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