Steel Times International News
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Global metals markets up 56% y-o-y
The global metals deals industry is soaring back to success with near historic value highs of US$40.7bn in 2011, up 56% year on year (y-o-y), according to a new report published today by PricewaterhouseCoopers (PwC) reports.
13 March 2012 -
Chinese stainless expected to reach 14Mt in 2012
The output of stainless steel (on a crude basis) in China is expected to reach 14Mt in 2012, up 11.2% from 2011, according to the Stainless Steel Council of China Special Steel Enterprises Association (CSSC).
13 March 2012 -
China’s PMI continues to contract
The Purchasing Manufacturer’ Index (PMI) of China’s iron and steel industry (CIS PMI) stood at 42.8% in February, according to latest data released by the China Federation of Logistics and Purchasing (CFLP).
13 March 2012 -
Growth in China’s steel output drops to 4.6%
Crude steel output in China saw a rise of just 4.6% year-on-year to 139.29Mt in the first two months of 2012, with the average daily output at 2.32Mt, according to a statement of the National Bureau of Statistics (NBS) on March 9. This is approximately half the average growth rate of 09-10 (9.2%) which itself was a drop from the double digit growth in recent years (08-09 14.6%; 06-07 16.7%; 05-06 18.6% – the exception being 07-08 as a result of the global crisis when growth fell to 2.2%).
12 March 2012 -
China’s crude steel capacity at 850Mt
China’s crude steel capacity grew to about 850Mt by the end of 2011, due to rapid growth of fixed asset investment in the country’s iron and steel industry, according to the data released by the Ministry of Industry and Information Technology (MIIT) on March 1.
12 March 2012 -
Multiplier effect of steel production
A recent study shows that the multiplier effect increase the value of each unit of steel used by industry by a factor of 2.7, and the effect on employment is even greater at 6.5. Two in every three jobs in German industry rely on steel as the basic raw material of production.
08 March 2012
