February 2012 | Steel Tracker
South America, China & Taiwan regional data focus: 09 February 2012
Roundup of MBR's data on the South America, China & Taiwan steel markets for the week of 09 February 2012.
South America
Supply/Demand Fundamentals: The fundamentals are coming back into balance now, crude steel production has moderated as end user demand flags. Brazil’s IPI has rallied, encouraging news for the domestic market. Pig iron capacity utilisation is still skirting low levels at 40-45% and we Price Implications: Prices are moving lower, in sync with the weaker export market. Producers have begun to concentrate their efforts on domestic consumers but most are unwilling to accept the price at...
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