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There is a good relationship between global capacity utilisation and steel price levels. The chart below describes this.
According to the World Steel Association, global capacity utilisation has increased from 69.4% in December 2017 to 76.9% in April 2018. For report, visit https://www.worldsteel.org/media-centre/press-releases/2018/april-2018-crude-steel-production.html.
Therefore, our expectation is that steel prices should be increasing soon – with the world hot rolled coil and rebar price attaining a price level some $150/tonne better than last December.
To track global steel prices, visit our world steel prices page.
An excellent report published end-2017 by the UK Government’s Department of Business Energy and Industrial Strategy identified a number of different market opportunities for the UK steel sector. For full report, see
Some months on, has there been any progress at all with the recommendations made? Or will this BEIS report (like the Action Plans issued by the European Commission in recent years) be yet another adornment on some government shelf?
If site visitor are aware of any progress made, please let us know.
Dr Andrzej M Kotas, CEO, Steelonthenet.com
Metals Consulting International – the parent of Steelonthenet.com – has just launched a new steel industry expert witness support service.
Steelexpertwitness.com offers industry clients professional technical and commercial expert support relating to iron and steel sector disputes. This experience includes all areas of steel production, including raw material preparation, ironmaking, liquid steelmaking, casting and rolling. Our capabilities also cover commercial disputes and arbitrations concerning pricing, delivery terms, transport, contract performance and product valuation for insurance or compensation purposes. Our experts also have a good understanding of the obligations that are normally expected of the expert witness role.
For further information please visit our new website at http://www.steelexpertwitness.com or call +44 775 149 0885.
The Steelonthenet.com team has just updated their steel prices page. Average monthly world steel prices since January 2001 are now accessible online on their steel prices page and cover HRC, CRC, HDG, tinplate, organic coated sheet and steel rebar. The price data is fob export prices in US $ per metric tonne.
For further information visit http://www.steelonthenet.com/steel-prices.html.