As China takes off for the new Year of the Monkey, the mood for many in its steel industry will decidedly be sombre, judging from the recent slew of warnings several steelmakers have issued, predicting massive losses for 2015.
Posts Tagged ‘China’
By Keith Tan | February 5, 2016 06:17 AM Comments (0)
By Margaret McQuaile | January 25, 2016 12:01 AM Comments (2)
Iran’s speed of re-integration into the global oil market is a million b/d question mark hanging over the industry.
How much additional oil will flow from Iran will depend on how quickly Tehran can ramp up after several years that effectively shut in a chunk of its production and how fast it can make new inroads into an already crowded market.
By Peter Brennan and Colin Richardson | January 21, 2016 12:01 AM Comments (1)
Blast furnaces across the UK are under threat as the steel industry bounces from one crisis meeting to another. And, as the last flames in the furnaces flicker in the headwinds, commentators are scrambling to find out what has gone wrong.
By Tom Balcerek | January 14, 2016 12:01 AM Comments (0)
A couple decades or so ago, Bethlehem Steel, then the USA’s second largest steelmaker, introduced a team of trade attorneys as it was about to embark on another round of massive unfair trade case filings against steel imports.
It wasn’t unusual for mills to have trade case attorneys, either in-house or on retainer, but Bethlehem was making a statement: This is how we roll. International steel dumpers, we’re coming to get you.
By Emanuele Norsa | January 7, 2016 10:52 AM Comments (0)
The New Year has started for the CIS and Turkish longs steel markets with mixed signals, as the price sentiment in China increased slightly but the latest geopolitical uncertainty in the Gulf area raised concerns for the future market demand developments.
By Colin Richardson and Joseph Innace | December 16, 2015 06:00 AM Comments (0)
Anglo American said recently it would scrap its dividend this year and next, hugely reduce capex and look to sell all its lossmaking assets. The move — deemed unsurprising by some and insufficient to a few — is a testimony to the primary issue facing the ferrous mining and metals market: China’s slowdown.
By Eklavya Gupte | December 14, 2015 10:27 AM Comments (3)
“It is a buyer’s market.” This phrase is omnipresent on most oil trader’s lips these days as crude oil prices continue to slide. None typifies this better than the current state of the Nigerian crude oil market. Overhang, glut, oversupply, unsold barrels, are some of the words most associated with Nigerian crude.
By Elizabeth Bassett | December 9, 2015 05:36 PM Comments (0)
If you’ve been involved in any conversations about energy in 2015, there’s very much a sense the industry is gritting its teeth and just trying to get through this period of sustained low prices. And if you’ve looked at any forecasts about prices, supply, demand and production into the near future, it’s clear why there’s a prevailing sense of grim determination.
The Platts Global Energy Outlook Forum was held today in New York, and while there was still a feeling of caution about what the future will bring, there were also glimmers of hope for growing energy consumption to support producers. Well, glimmers of hope for some countries, anyhow.