Steel (Iron Ore) 03 (May 17 - Dec 25)

[behappyalways]

Falling Chinese Steel Prices Send Ripples Through Global Markets
https://www.zerohedge.com/commodities/f ... al-markets

[behappyalways]

Goldman Slashes Iron Ore Price Forecast As Supply Cuts Desperately Needed Amid China Slowdown
https://www.zerohedge.com/commodities/g ... amid-china

[winston]

China’s steel demand to fall below half of global consumption in 2024

The decline in the country’s real estate sector pummels demand for the metal.

China’s share will shrink further in 2025.

India’s market will grow by 8 per cent this year – after rising 14 per cent in 2023 – to 143 million tonnes, while other emerging and developing economies will see growth of around 7 per cent for a second year running, according to Worldsteel.

The rest of the world last surpassed China’s share of demand in 2018.

Source: Business Times

https://www.businesstimes.com.sg/compan ... ption-2024

[winston]

Trump to impose 25 per cent tariffs on steel and aluminium imports on Monday

Will impose 25 per cent tariffs on all steel and aluminium imports, including from Canada and Mexico, as well as other import duties later in the week.

Would announce “reciprocal tariffs” – “probably on Tuesday or Wednesday” – meaning that the US would impose import duties on products in cases where another country has levied duties on US goods.

Source: SCMP

https://www.scmp.com/news/world/united- ... e=homepage

[behappyalways]

Iron Ore Soars As China Pledges Crackdown On Industrial Overcapacity
https://www.zerohedge.com/commodities/i ... ercapacity

[behappyalways]

"Super Steel": China Unveils Game-Changing Cryogenic Steel for Fusion Reactors
https://www.zerohedge.com/markets/super ... n-reactors

[winston]

Tariffs Rose: 1 Steelmaker Thrived, 1 Still Struggles

by Chris Markoch

Key Points

Steel tariffs are increasing domestic demand, but profitability depends on each company’s cost structure.

Steel Dynamics is outperforming due to its lower-cost, flexible electric arc furnace model.

Cleveland-Cliffs continues to face margin pressure from higher fixed costs and debt obligations.

Source: Market Beat