It is reported that Japan’s auto and shipbuilding industries are showing signs of increasing steel requirements, with the total steel demand for autos rising 23.6%, reaching 613,000 tonnes and for ship building, climbing 11.3% and reaching 468,000 tonnes.

However, demand for the construction industry continued to exhibit very weak demand on steel needs in June.

At the same time, the home appliance industry is showing a decrease of
12.3% regarding its steel needs. Overall, the generally weak steel
demand is proving worrisome to steel mills that are seeking market
growth.

Source: Steel Guru

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• Japanese auto steel demand to rising trends

    It is reported that Japan’s auto and shipbuilding industries are showing signs of increasing steel requirements, with the total steel demand for autos rising 23.6%, reaching 613,000 tonnes and for ship building, climbing 11.3% and reaching 468,000 tonnes. However, demand for the construction industry continued to exhibit very weak demand on

• China, the seventh largest steel exporter position

     It is reported that China became world seventh largest steel exporter in H1 2009. In the Q2 of this year, China became a net steel importer for the first time since Q4 of 2005. In Q2 2009, China imported 6.6 million tonnes of steel products while exported only 3.5 million

• Steel prices likely to rise in coming months: Irani

    Steel prices are likely to increase in the months ahead amid growing demand, a top industry official said on Saturday.“Steel prices may pick up in the months ahead as China and India have already started showing real demand growth

• China is 10 million tonnes of steel scrap shortage, association –

    China has a steel scrap shortage of about 10 million tonnes, according to an analysis by the Chinese Steel Scrap Association. In the first half of the year China produced 267 million tons of crude steel, and for the whole year is estimated to see an overall crude steel output

• Japanese steel demand to 33.4 percent in the 1st Quarter 2010

    According to the Japanese Ministry of Economy, Trade and Industry (METI), Japanese steel demand is expected to reach 23.9 million mt in the first quarter of 2010, increasing by 33.4 percent as compared to Q1 2009. Meanwhile, in the first quarter of 2010, Japanese raw steel demand will increase by

• Chinese steel production may slow growth in credit crunch

    According to the China Iron & Steel Association, steel production growth in China may slow for the rest of the year as tightening credit could restrain building expenditure. Mr Li Shijun the chief analyst with the association said “High levels of steel output can’t be sustainable if fixed-asset investment slows down because

• Vietnam: The increased demand pushes steel prices

    Domestic steel producers have officially increased their sale price by VND200,000 per tonne over the past few days in the wake of local rising demand, according to the Viet Nam Steel Association (VSA).A tonne of steel coil currently is valued at VND11.02 million while the price of a tonne

• Steel from the blues now

    Steel industry is on a recovery oath with demand rising from corners. China and India are the two main powers that push the steel demand across the world

• Hyundai Steel to obtain current state of production

    Hyundai Steel produced around 25,000 tonnes of shipbuilding angle steel per month, on average, during the months of July and August 2009. It is expected to maintain the current level of production during the remainder of this year. Demand for shipbuilding angle steel has improved from the third quarter. The company

• Steel production must be doubled: Indian minister

    India needs to double its steel production from the current 55 mn tonnes in five years if it wants to bridge the demand-supply gap, Minister of State for Steel Prathap Annayyagari said here Wednesday.“During the last five years, the growth in the demand for steel has averaged to around