My subscription
...
Filters
My Subscription All Publications

Metals

Metals Data Response

Metals Data Response

Global Steel Production (Apr.)

Global steel production fell in y/y terms in April, as all major producers bar India recorded declines. High energy costs and soft demand for steel are both likely to persist for much of the remainder of this year, hindering any large upticks in production. In China, producers will also be under pressure to meet state emission targets.

24 May 2022

Metals Data Response

Global Aluminium Production (Apr.)

After a weak start to the year, it looks increasingly as though a rebound in China’s output will more than offset lower production in Russia and Europe so that global production will rise a touch this year. That said, supply in the world ex China will remain constrained, even assuming higher exports from China.

20 May 2022

Metals Data Response

Global Steel Production (Mar.)

Global steel production fell in y/y terms in March, as largest producer China recorded a decline for the third consecutive month this year. Looking ahead, we expect high energy costs to act as a constraint on steel production globally, while Chinese production will contract to meet state emission targets.

22 April 2022
More Publications

Metals Data Response

Global Aluminium Production (Mar.)

Global aluminium output fell by 1.5% y/y in March with high power costs keeping a lid on production growth. Looking ahead, we expect regions where energy prices are more manageable to continue to increase output while aluminium prices remain high.

Metals Data Response

Global Steel Production (Feb.)

Global steel production fell in y/y terms in February, driven by a double-digit contraction in China. Our expectation is that high energy costs and softer construction-led demand growth in China will prevent a strong uptick in steel output growth in the coming months. Long Run Outlook Drop-In (23 March, 11:00 EDT/15:00 GMT): What will be the lasting impacts of the war in Ukraine? What legacies will the pandemic leave? What does a future of higher inflation mean for economies and markets? Neil Shearing hosts this special discussion with senior economists about the long-term investing outlook on Wednesday. Register here.

Metals Data Response

Global Aluminium Production (Feb.)

High power prices in Europe continued to cause production curtailment in February but there were signs of a rebound in China’s production. Looking ahead, we expect supply to remain constrained for now given persistently high energy prices and the likelihood of disruptions to Russian exports.

Metals Data Response

Global Steel Production (Jan.)

Global steel production fell in y/y terms in January, driven by a double-digit contraction in China. It appears that subdued demand in China is acting as a constraint on output. Our expectation of softer construction-led steel demand growth this year leads us to think that it is unlikely China’s steel production will rebound strongly any time soon.

Metals Data Response

Global Aluminium Production (Jan.)

Global aluminium output fell by 4.5% y/y in the first month of 2022. A combination of high power prices in Europe and the New Year festival in China dragged down refined aluminium production. Looking ahead, we expect the slowdown in Chinese construction activity to weigh on prices, but the risk of sanctions on Russian producers remains an upside risk to our price forecast.

1 to 8 of 160 publications
See More ↓