Monday, May 28, 2018

Leading equipment suppliers


Our analysts have put together a steel industry suppliers page. This identifies steel associations, consultants, distributors, electrode suppliers, equipment supply firms etc.
Under equipment suppliers, we identify


For full list of several hundred firms, visit https://www.steelonthenet.com/suppliers.html or to see a world map of their locations see https://www.steelonthenet.com/supplier-map.html

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Tuesday, March 20, 2018

Time for another D'Avignon steel plan for Europe?

Do site visitors consider that now may be the time to impose another D'Avignon steel plan in Europe? Closure of a significant proportion of EU steel capacity with better capacity utilisation in existing European mills would surely be a benefit to the sector, would it not?


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Monday, January 22, 2018

Steel expert witness service

The Steelonthenet.com team have just launched a sister website, called Steelexpertwitness.com.

The new service (operated by Metals Consulting International Limited) offers clients technical analysis and opinion that can assist courts in reaching their decisions concerning iron and steel industry disputes. For examples of recent cases, see the case studies page.

For further information, visit the new steel expert witness service.

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Friday, December 29, 2017

Steel ChatBot - SteelBot

Have you tried out our new ChatBot? Our ChatBot [called SteelBot] is a new automated service that can answer a lot of questions about the products and services that we offer.

Why not give SteelBot a try? Just look out for the ‘Can I help you’ graphic at the foot of any page of our website.

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Saturday, December 23, 2017

The Rise and Rise of India's Steel Industry

Ever since the break-up of the Soviet Union in 1991, the three largest steel producers have been China, Japan and the US. Before China secured the top slot in 1996, the largest producer had been Japan. Since then, Japan has remained the second largest steel maker with output in 2016 totalling 105 million tonnes. This status quo is being threatened by India where, over the same time frame, production has increased four-fold to nearly 97 million tonnes. In addition, India overtook the US to become the third largest global producer in 2015.

So far this year, Indian crude steel production has increased by a further 6% whereas Japan has seen production remain broadly flat. If this rate of growth continues into December, Japanese production would be 104 million tonnes and Indian production would have hit 101.5 million tonnes for the year. Whilst it is unlikely that India will displace Japan this year it should overtake Japan next year to become the second largest steel producer.

In recent years, India has been exporting and importing similar quantities of steel but this has diverged considerably in the year to date 2017. Imports have declined by 13% whereas exports have increased by 67%. The huge jump this year represents a record total but globally India is still a relatively modest exporter, shipping less than half the tonnage of Japan. Despite this, given the huge quantities of steel being produced in the country, the big jump in exports should act as a warning sign to other global producers.

Most of India’s exports are concentrated on flat products and India is a net exporter of HRC, CR and HDG products. Exports of hot rolled coil have more than trebled so far this year and in the year to September they have hit nearly hit 4 million tonnes. The main destination for this HRC is Vietnam, which has increased more than five-fold to 1.2 million tonnes, replacing some of the tonnage that China had been supplying There has also been growth in shipments to Europe with a four-fold increase in exports to Italy and a doubling of shipments to Belgium at 593 thousand tonnes and 215 thousand tonnes respectively.

Going forward, India is almost certain to overtake Japan as the second largest producer of steel next year. Historically much of India’s production has been consumed internally, and this remains the case, but the massive growth in exports this year suggests that this scenario has the potential to change. India is already making an impact on the global steel market and should projected domestic demand growth not materialise, Indian exports have the potential to become very significant.

This post was prepared by the Iron and Steel Statistics Bureau. You can visit ISSB at http://www.issb.co.uk.



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Wednesday, December 06, 2017

Falling Chinese steel exports

So far this year, Chinese crude steel production has been racing upwards and if the 6% growth seen so far continues to the end of the year, the country will have produced more than 851 million tonnes of steel which would be a new record level. Unlike in past years, this growth in output is being channelled into internal infrastructure demand. ISSB have reported earlier in the year that Chinese exports have been falling but this decline has actually been accelerating as the year progressed. The year started with monthly year on year falls of around 25% but September saw a 42% decrease and the October decrease of 36% to 4.9 million tonnes represented the lowest monthly total since February 2014.

The decline has been most evident in long products with exports in the year to date down 59% when compared to last year. The decrease in flat product exports has been much more modest in the same time period, at just under 8%. There was a 41% decrease in shipments to the Middle East, exports to other Asian countries were down 33% and shipments to the EU fell by 35%. Despite this, China still managed to grow exports to some regions. Shipments to South America were up 2%, exports to Russia increased by 27% and interestingly shipments to the three NAFTA countries increased by 10%, mainly due to elevated levels of steel exported to Canada. Exports to the US remained broadly flat but there was a large fall in 2016 following implementation of anti-dumping legislation.

The hike in Chinese steel demand took most of the steel community by surprise this year and although there are currently no signs that the government is reducing its spend on infrastructure, it seems logical to assume that this rate of growth cannot continue indefinitely. Indeed, the World Steel Association is currently forecasting no growth at all next year, with demand predicted to be flat. It could well be that as with this year, this growth figure is on the conservative side but if not, given the sheer volumes involved, it only takes a small percentage decline in demand levels for global markets to be flooded with Chinese steel once again.

You can download a file showing monthly Chinese exports here or alternatively visit ISSB for more information on steel.



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Monday, November 20, 2017

Steel industry message board

The web team at Steelonthenet.com have launched a steel industry message board at http://forum.steelonthenet.com. Site visitors may post news, event information, recruitment info, classified ads and other messages on the forum.
There is also a technical section for metal sector questions and answers.

Feel free to visit us at http://forum.steelonthenet.com.





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Tuesday, September 19, 2017

The steel sector in Vietnam

When compared to its larger Asian neighbours, Vietnam is a relative minnow in terms of its steel market but it is also the fastest growing in the region. In the five years to 2016, apparent consumption has more than doubled to 22.3 million tonnes with a 22% growth in last year alone. This growth has seen a similar rise in Vietnamese imports which have also more than doubled in the five year period to 2016 to reach 19.5 million tonnes. As would be expected, by far the largest external supplier to the country is its neighbour China, accounting for 60% of all imports last year. Vietnam is also an important market for Chinese producers, being the second largest behind South Korea.

With a steady increase of over 6% in the country’s GDP forecast for this year, a similarly favourable outlook for the construction industry and an automotive market that was the second fastest growth market globally last year, it would seem that Vietnam is an important market for Asian steel producers going forward.

This may not actually be the case, however. Traditionally Vietnam produces relatively large amounts of long products as well as cold rolled and coated flat products. These producers rely on hot rolled feedstock from abroad, however, as the country lacks the facilities to produce HRC, which makes up around half of all imports into the country. This is a situation that the authorities in the communist nation are looking to address. According to the Vietnamese Steel Association’s Vice Chairman, in the next five years, the trade deficit in the steel industry is expected to decrease as two steel makers, Hoa Phat and Formosa, start to produce HRC. In order to achieve this aim, the Ministry of Industry and Trade is going to apply trade defence measures to ensure fair competition with import products.

So far this year, Vietnam also has the fastest growth in steel output of any country in the world. In the first half of 2017, crude steel production has doubled to 4.7 million tonnes. This has come at the cost of imports, which have declined by around 20% in the same period, the first year-on-year decrease in imports since the fallout from the global recession post-2018.

It would seem then, that the measures put in place to boost the domestic steel industry are working, and at the detriment of imports from overseas suppliers. So far, given the strength of the steel market in China, this has not had a detrimental effect on the world market due to displaced tonnage but another fast developing steel market investing in internal capacity and erecting trade barriers cannot be a long term benefit for the global industry.

The text above was prepared by ISSB.

You can download a file showing exporters to Vietnam last year by visiting the ISSB website.


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Tuesday, August 29, 2017

Price of steel

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Thursday, August 03, 2017

Chinese export activity

Global crude steel production mid-way through 2017 was 4.5% higher than in the first 6 months of the previous year. Despite much talk about cuts in Chinese capacity, Chinese crude steel production grew by a marginally higher amount. The growth in Chinese production is attributed to the government-led infrastructure push which has maintained very strong demand levels from the construction sector, fuelling demand for products such as rebar and sections. Infrastructure demand does not appear to be weakening with Chinese crude steel production growth in June alone reaching 5.7%, significantly ahead of the rest of the world figure of 0.7%.

The strength of Chinese domestic demand has also had an impact on export levels. In addition to crude steel production growth of 4.6% in the first half of 2017, export volumes have reduced by more than 28% as product is diverted to the domestic market. This trend looks set to continue with the June figure alone reflecting a collapse in export volumes with levels down by nearly 38% year on year, albeit against a very strong June 2016 figure. Export volumes have been trending downwards, relative to the previous year, for the past 10 months.

This decrease in exports has not been seen uniformly across all products, however. It is clearly the products commonly used in the construction sector which have seen the largest decline with exports of hot rolled bars and flats down by 67%. In contrast, flat products have actually not seen much of a decline at all with exports of specific products growing year on year. Exports of CR, for example have grown by 30% and HDG is 4% higher than in the previous year.

A closer look at HDG, one of the products where exports have grown, indicates that Chinese producers have been targeting certain European markets. Shipments to Italy, the UK and Spain have grown by 32%, 42% and 88% to 250K tonnes, 218K tonnes and 194K tonnes, respectively, in the first half of the year. The need for export growth in this product has been encouraged by the decision by Vietnam, the second largest market for Chinese HDG, to impose anti-dumping duties as high as 38% on the product.

Despite the fact that Chinese exports levels are in decline China continues to fill the role of the world's main exporter, with levels more than double those of Japan, the second main exporter. Chinese export activity in 2017 is still likely to exceed 70 million tonnes and so will continue to have a serious impact on the fortunes of the global steel industry. In addition, as more and more markets decide to erect trade barriers to Chinese steel, this is likely to lead to further spikes in exports of certain products to some markets, particularly those less inclined to enact strong anti-dumping legislation.

The text above was prepared by ISSB.

For a file showing Chinese exports split by product for the first half of the year, please visit ISSB for more information on the global steel industry.


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