US steel exports down 5.5 percent in September
According to export data from the US Department of Commerce, monthly steel exports in September 2019 decreased 5.5% from last month to total 557,822 mt.
According to export data from the US Department of Commerce, monthly steel exports in September 2019 decreased 5.5% from last month to total 557,822 mt.
The World Steel Association has revised its 2019 Short-Range Outlook (SRO) for steel demand higher on Monday on the back of strong Chinese demand.
North American and European steelmakers are struggling to halt the negative trend in flat product steel prices, which has developed in recent months.
Despite the regional steelmakers’ attempts to lift basis values, in order to restore profit margins, European strip mill product prices moved downwards, in October. Market activity deteriorated noticeably.
The business environment is challenging, in Brazil. Domestic steelmakers attempted to push through a price increase for October’s production campaign.
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