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Prices for iron ore are forecast to decline from current levels to average $200/metric ton in July 2021 before sliding through the third quarter to end of 2021 at around $155/metric ton. Chart 1: Iron ore and scrap prices. Seaborne scrap prices appear to be anchored to iron ore prices and are therefore unlikely to be bid up in line with US ...
As a result, steel-using sectors’ output fell grew (+2.6%) in the first quarter of 2021, that was the first quarterly increase since the third quarter of 2019. The industry in the EU has recovered the output loss experienced during the pandemic, but activity remains exposed to fragility and risks, due to persisting uncertainty around vaccination plans and ongoing consequences of the pandemic.
Steel Market Update: Q3 2021 Outlook. In April, we outlined several market dynamics impacting availability and pricing for steel products. Little has changed in the intervening months. The steel industry continues to experience extreme demand, challenging supply issues, and historically high pricing. This tight squeeze on material, combined ...
that was the first quarterly growth since the fourth quarter of 2019, and so it did in the first quarter of 2021 ( +0.9%). Apparent steel consumption in the first quarter amounted to 36.3 million tonnes. The volume for the first quarter of 2021, albeit to a lower extent than in the preceding quarter, reflects another
Aug 24, 2022 · over the first quarter of 2022, albeit at a lower rate compared to the fourth and third quarter of 2021 (+43.4% and. +47.7% respectively), but rose very modestly (+0.4%) over the second quarter. Imports of finished products also. rose very modestly (+0.6%), after a rise of +34% over the first quarter.
EU steel market overview In the fourth quarter of 2021 EU apparent steel consumption increased for the fifth consecutive time in a row (+9.5%), albeit at a lower rate than in the third quarter (+14.3%) due to the impact of severe supply chain issues and rising energy prices.
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Jul 8, 2021 · The benchmark price for hot-rolled steel hit another all-time high last week, climbing to $1,825. ... Most people in the market see strength through the third quarter, and some don’t see it ...
