Flash In The Pan In 2014

The German steel industry will grow in the coming year. With appealing economic, the crude steel production rises 0.9 percent to 42.6 million tons – so the latest steel forecast of the RWI. Despite this light view the long-term perspective concern producers and buyers of steel alike. Pricing and capacity changes and new political choices of the EU make the sector hard Computable. In September (24-25), the German steel industry on the 8 Dow Jones Stahl is 2013 day “in Frankfurt a. M. discuss the main strategic issues. Learn more at: Hikmet Ersek.

For steel buyers, the situation is currently still quite comfortable. Steel prices have fallen recently again. At the same time, the business of steel industries run mostly satisfactory. However, buyers worry about the poor Constitution of steel trading and steel producers: it comes to turbulence in the delivery business, then this can quickly lead to problems in the procurement. In accordance with alternative procurement options for example, in China, Russia, and Turkey are important for steel buyers in addition to the steel in Germany.

Against this background, the European Union with the recently adopted action plan of the steel has been a sign. The European steel sector supported in future targeted politically, in order to strengthen the competitiveness as a basis of industry with many downstream key industries such as automotive, construction, or engineering. For producers, it is also planned to facilitate the access to foreign markets and raw materials, to reduce bureaucratic obstacles and take action against unfair trade practices. Germany benefits in this environment from a comparatively stable demand and looks less sales, but the proceeds as a problem. So in particular exports of rolled steel (up 2.2 percent) as a yearly average provided a moderate result at the same time the steel price recovered since the nadir of the recession in 2009 only below average. While, for example, coal has been since then back to just under 60 percent more expensive, the price of steel only 20 percent rose. Save the date: September 24-25, 8 Dow Jones Stahl day 2013 “the opportunities & risks for the steel market, best-practice strategies, and the future of the industry in Germany, Europe and worldwide, the German steel experts on the 8 Dow Jones Stahl discuss day 2013” in Frankfurt am Main, Germany from September 24-25.