Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

New Energy

Solar Lithium Cobalt Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / Steel prices to stay low for next 3 to 4 years: Alacero

Steel prices to stay low for next 3 to 4 years: Alacero

Jun 29, 2015 09:16

Source:SMM

Low steel prices will remain for the next 3 to 4 years due to oversupply of 450 million tons in steel market, most of it comes from China.

SANTIAGO (Scrap Register): Low steel prices will remain for the next 3 to 4 years due to oversupply of 450 million tons in steel market, most of it comes from China, said Rafael Rubio, general director of Latin America Steel Institute (Alacero).

According to data of Alacero, 48% of global steel production belongs to China.

Rubio said the average price of China's steel in Latin American market was $944/ton in 2011, it dropped to $658/ton in 2014 and so far this year reached $601/ton, which means a significant drop of 36% in only 4 years.

steel price

steel price forecast

Alacero

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

China July Finished Steel Exports Grow and Iron Ore Imports Fall in July

China’s finished steel exports in July were 6.96 million tonnes, up 2.2 per cent MoM, but down 32.4 per cent YoY.

time

Aug 8, 2017 18:45

China July Finished Steel Exports Grow and Iron Ore Imports Fall in July

G20 Strengthens Language Regarding Steel Excess Capacity

In addition, the statement urged nations “to rapidly develop concrete policy solutions that reduce steel excess capacity.”

time

Aug 8, 2017 13:35

G20 Strengthens Language Regarding Steel Excess Capacity

EU Flat Steel product prices poised to move up

A degree of restocking is taking place, in the German market, as service centres sell off their excess inventories, accumulated earlier in the year. Availability, from domestic sources, is good. Under

time

Jul 31, 2017 19:34

EU Flat Steel product prices poised to move up

China Crude Steel Daily Output Hits New Record in June Despite Elimination Efforts, SMM Reports

China produced 73.23 million tonnes of crude steel in June, up 5.7 per cent on a yearly basis, and YTD output grew by 4.6 per cent to approach 420 million tonnes, according to NBS.

time

Jul 19, 2017 11:37

SMM Insight Industry

China Iron Ore Port Inventories Grow after Continuous Declines, SMM Reports

China’s iron ore inventories grew this past week, bringing the second-straight-week decline to an end.

time

Jul 14, 2017 13:39

SMM Insight Industry

China Iron Ore Port Inventories Grow after Continuous Declines, SMM Reports

India's Steel consumption increases 4.6 percent during April-June

The Steel consumption in India during the initial quarter of the current fiscal year was seen to increase by 4.6 percent to about 21 million tons when compared to the corresponding period in 2016, whi

time

Jul 10, 2017 18:55

India's Steel consumption increases 4.6 percent during April-June

US Steel Imports Crept Up 2.4% from April to May:AIIS

Through the first five months of the year, imports were up 22.1 percent at 15.7 million net tons compared to the same time in 2016.

time

Jul 6, 2017 15:24

US Steel Imports Crept Up 2.4% from April to May:AIIS

Steel Price Forecast: ArcelorMittal Announces Price Expectations for 2016

ArcelorMittal, the world’s largest steelmaker, announced recently it expects iron and steel prices to remain tight for the remainder of 2016.

time

Mar 1, 2016 18:08

November Steel Price Forecast: China Mills Not Halting Production

With commodities as a whole experiencing a bearish 2015, many have turned to steel as the obvious scapegoat for the price declines.

time

Nov 27, 2015 16:43

October Steel Price Forecast: Firms Affected by Stagnant Pricing

JSW Steel Ltd. has seen its outlook downgraded from stable to negative by Moody’s Investors Service, due in part to the steep drop in steel prices.

time

Oct 28, 2015 16:27

SMM Events & Webinars

Oct
09
- NET ZERO EUROPE - Solar & Energy Storage Summit
  Oct 09 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia

MOST POPULAR

1.China Lithium Market Dynamics and Lithium Procurement Study

2.Battery Recycling Technology Understanding

3.Solid State Battery Market

4. China Scrap Steel Quality Analysis

5.China Scrap Steel Cost Curve

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.