There’s rarely been a better time to be in the steel business. Prices have boomed worldwide this year, smashing record after record. Roaring industrial demand is propelling those rallies, with plants straining to boost supply after lying dormant during the pandemic. On top of that, powerhouses China and Russia are trying to limit exports to help other industries at home. “If you’d asked me six months ago what was my most positive vision for the first half of 2021, I don’t think I would’ve even come close to the reality,” Carlo Beltrame, who manages Romania and France for AFV Beltrame, said in a phone interview. The closely-held company plans to build a 250 million-euro ($295 million) mill in Romania with the capacity to produce about 600,000 tons a year.
Record Steel Prices Inject Life Into Long-Suffering Industry
Jul 18 2021, 8:19 AM
July 18 2021, 5:30 AM
July 18 2021, 8:19 AM
(Bloomberg) Thereâs rarely been a better time to be in the steel business.
(Bloomberg) Thereâs rarely been a better time to be in the steel business.
Prices have boomed worldwide this year, smashing record after record. Roaring industrial demand is propelling those rallies, with plants straining to boost supply after lying dormant during the pandemic. On top of that, powerhouses China and Russia are trying to limit exports to help other industries at home.
âIf youâd asked me six months ago what was my most positive vision for the first half of 2021, I donât think I wouldâve even come close to the reality,â Carlo Beltrame, who manages Romania and France for AFV Beltrame, said in a phone interview. The closely-held company plans to build a 250 million-euro ($295 million) mill in Romania with the capacity to produce a
Record prices inject life into steel industry; India set to boost capacity
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Last Updated: Jul 18, 2021, 08:45 PM IST
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Synopsis
Other nations could fill the gap created by China’s restrictive measures. India is set to boost capacity, with top producer JSW Group saying it will reach its goal of more than doubling capacity to 45 mn tons before 2030. Southeast Asia, including Malaysia and Indonesia, plans to add another 60 mn tons by the end of this decade, according to Wood Mackenzie.
AFP
There’s rarely been a better time to be in the steel business.
Prices have boomed worldwide this year, smashing record after record. Roaring industrial demand is propelling those rallies, with plants straining to boost supply after lying dormant during the pandemic. On top of that, powerhouses China and Russia are trying to limit exports to help other industries at home.
Investment data spark growth hopes By ZHOU LANXU | CHINA DAILY | Updated: 2021-07-16 09:09 Share CLOSE Workers work at the general assembly line of truck maker FAW Jiefang in Changchun, Northeast China s Jilin province, July 7, 2021. [Photo/Xinhua]
Rises in fixed assets, manufacturing soften infrastructure deceleration
Recovery in China s fixed-asset investment will strengthen and help shore up the economy in the coming months, thanks to ramped-up policy supports and improved business vitality, officials and experts said on Thursday.
Their comments were in response to the 12.6 percent year-on-year growth in first-half fixed-asset investment, down from 25.6 percent year-on-year growth in the first quarter, as the effect of low comparison base due to the outbreak of COVID-19 faded.
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