An outbreak of a new coronavirus (2019-nCoV) in Wuhan, the capital of Hubei province in mainland China, and subsequent extension of factory closures beyond the Lunar New Year holiday have caused a downward revision to our iron ore and steel price forecasts over the first half of 2020. worldsteel projects global steel demand will reach 1,657.9 Mt in 2018, an increase of 3.9%* (please see *note below) over 2017. Steel demand outlook: Forecasts by the World Steel Association (worldsteel), released in April 2018, suggest that global steel demand will continue to grow in 2018 and 2019, albeit at a decreasing pace (1.8% in 2018 and 0.7% in 2019). Updated January 22, 2019. With global steel production continuing to increase against a backdrop of internal economic weakness for China, prices could remain suppressed during 2019. Jan 21, 2019 (WiredRelease via COMTEX) -- Market.us adds a … In 2019, In 2020, demand is projected to grow by 1.0% to reach 1,752 Mt. 1 Even with the slowdown in hiring, manufacturers still report difficulty filling critical jobs. • In December 2019, capacity utilization was estimated at 71.9%, a decrease of 6.9 percentage points from 78.8% in November. The World Steel Association (worldsteel) today released its October 2018 Short Range Outlook (SRO). worldsteel forecasts global steel demand will reach 1,735 Mt in 2019, an increase of 1.3% over 2018. Steel Industry Executive Summary: February 2020 Highlights • From November to December 2019, U.S. imports of steel mill products increased 1.8% to 1.43 million metric tons from 1.40 million metric tons. The World Steel Association (worldsteel) today released its April 2019 Short Range Outlook (SRO). FW speaks with Nicholas J. Sowar, Deloitte Global Metals Sector Leader, about the outlook for the global steel market. In 2019, interest rate hikes, lending restrictions in China and cyclical slowdown in the automotive industry in the developed markets is likely to negatively affect the global demand for steel. As technology continues to evolve, Deloitte's Manufacturing Industry Outlook explores the top trends that are transforming the industry in 2020. Global steel long-term outlook Q3 2019 27 September 2019 With weak global steel demand growth and little prospect of a price recovery, steelmakers globally are in for a tough ride Rising trade tensions and volatile currency movements are increasing uncertainty in the global steel industry. In 2019, it is forecast that global steel … Each month, coverage includes: current and forecast price levels for steel and raw materials The Short Range Outlook of the World Steel Association (worldsteel) projected that global steel demand will reach 1,657.9 Million Tonnes (mnt) in 2018, an increase of 3.9% over 2017. What key trends are shaping the industry? The World Steel Association forecast global steel demand will rise 3.9% in 2019 and by 1.7% in 2020. After a volatile end to 2018, tentative stability has returned to risky markets at the start of the new year, with investors seeing some reversal of the losses experienced in December. 3 2019 global aerospace and defense industry outlook This year has seen muted job growth in the manufacturing sector, adding an average of 6,000 jobs per month to date in 2019, compared with an average of 22,000 jobs per month in 2018. Australian Industry Group Australian Manufacturing in 2019 ABOUT Ai GROUP The Australian Industry Group (Ai Group) is a peak industry association which together with partner organisations represents the interests of 60,000 businesses employing more … The world’s top iron ore exporter cut its outlook for global steel demand, joining a growing chorus of warnings that trade tensions and slowing growth are hitting the sector hard.

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