Select Page

The Latest Steel Supply and Aluminium Products News

As respected steel suppliers UK it’s our job to keep our finger on the pulse of the planet’s metal supplier news. This time around we take a look at the emerging super-supplier of steel, namely India, and explore China’s booming aluminium export scene.

The Latest Steel Supply and Aluminium Products News

As respected steel suppliers UK it’s our job to keep our finger on the pulse of the planet’s metal supplier news. This time around we take a look at the emerging super-supplier of steel, namely India, and explore China’s booming aluminium export scene.

India on target to become the world’s biggest steel supplier

India’s steel supply sector is booming as record breaking local demand meets higher exports than ever. It It looks like the country’s steel output leapt a full 11% in March. They also became a net exporter for the first time in three years, with steel shipments totalling an eye-watering 8.2 million tons.

The news means India is predicted to overtake Japan as the world’s second-biggest provider within two years, led by JSW Steel, Steel Authority of India and Tata, all of which beat their previous production records throughout a particularly exciting 2016.

India’s steel output is predicted to reach 103 million tons this year, 110 million in 2018, a massive 118 million by 2019, and 146 million by 2022, as revealed by the Australian Department of Industry, Innovation and Science.

Confident US steel makers apply huge price hikes

North American steel sector members raised their prices fast when new tariffs affecting overseas competitors came in last year. But they moved too fast for some buyers, who felt alienated by the hike. As a result there’s a real risk of a steel market rebound.

Some US steel producers have raised their prices by as much as 50% on the most popular types of steel, leading users to defect in search of better priced alternatives from countries not affected by the tariffs. Some domestic US suppliers have increased their steel prices seven times since last autumn, boosting the price per ton by at least $180.

The US government is at the heart of the troubles, having imposed onerous duties on a host of overseas steel producers who they felt were either benefiting from unfair state support or setting prices way below production costs. Some of the tariffs on Chinese producers, for example, have exceeded 500%.

A dramatic increase in steel production capacity outside the US has seriously affected the domestic market over the Atlantic. The resulting weaker demand in overseas markets led steel makers to maintain production by increasing exports to the US, at the same time slashing steel prices to reel customers in. This led to domestic steel producers idling their plants and laying people off, but the tariffs helped American producers bounce back. Since then US steel producers have leveraged higher prices, which they feel are justified.

The result of all this is that demand is reasonable but not strong enough to support any more dramatic price hikes. Plenty of experts expect demand to fall again later in 2017. On the other hand steel imports were up 2% on January and February 2016, perhaps not so surprising when plenty of countries selling the metal into the US don’t apply tariffs. In Vietnam, for instance, imports rocketed over 300% in 2016.

Trump is determined to make US products more competitive in the global market. This could also prove tricky, since passing on higher domestic costs doesn’t wash when companies abroad can access steeply- discounted steel with ease.

Declining aluminium stockpiles set to benefit Chinese producers

Aluminium producers in China are predicted to increase exports through 2017 as the world’s manufacturing climate improves and stockpiles reduce. Experts say bigger exports of semi-manufactured aluminium could drive London Metal Exchange prices down from their current high.

China currently produces more than half the world’s aluminium, but prices have fallen around the globe  and as a result smelters in other countries have already started to slow production. In the meantime, in the West, aluminium stocks are drawing down, with stockpiles outside China almost halving to 8 million tonnes, an amount predicted to last around three months. At the same time demand beat output in 2016 and is predicted to do the same in 2017.

In March 2017 Chinese aluminium producers were ordered to cut their production by almost a third to reduce the use of coal and mitigate chronic levels of air pollution. Meanwhile Trump is busy cutting down his country’s trade deficit with China, and rumour has it he is also thinking about making investigations into some products, fired up by recent World Trade Organisation complaints about Chinese aluminium subsidies in general, and foil exports in particular.

If you’re searching for reliable, professional carbon steel suppliers, we’re your first stop as knowledgeable, respected experts on the UK metal stockists scene. If you want metal, walk this way. If you want advice, we’re always delighted to provide it. Just get in touch.

Please complete the enquiry form located on this page, call +44 (0) 330 223 2653 or email us to discover how Metalex could be supplying you with premium metal products and professional metal processing services.


The state of British steel, metal asteroids, LME chaos and more

Welcome to 2023, which is already looking turbulent.  The nation’s steel industry is still in a state of perma-crisis, there’s trouble brewing at the London Metals Exchange, and people are doing crazy things with dangerous loads of metal. But we’re keeping calm and...

High-polluting US aluminium, Cumbria coal mine lies, good recycling news

In a week where the USA’s ageing aluminium plants have been slammed for emitting more PFCs per ton of the metal than other countries, there’s plenty of metals supply news to showcase.In a week where the USA’s ageing aluminium plants have been slammed for emitting more...

Aluminium supply special – Anti-dumping issues, bankruptcy and more

2014 aluminium round bar, 6082 aluminium square bar, 7075 aluminium plate and more... we’re still selling it, and our customers are keen to buy it. But there’s trouble in the world’s aluminium supply sector. In our aluminium supply special we’ll take a look at a...

Russia metal supply headaches, seaweed batteries, eye-watering steel prices

It’s interesting to see two tricky problems hitting the metals supply world particularly hard. Russia’s war on Ukraine is having unexpected consequences for steel and aluminium, and tough climate change goals are shaping the future of metals as well as the products...

Rusal scandal, radiation-proof aluminium alloy, amazing batteries

There’s a scandal erupting over Rusal and the LME; new aluminium alloy brings space travel a tad closer; batteries are about to be taken to an exciting new place; aluminium is finding its way into drinking water and there's more trouble for UK steel. It’s all go as...

Aluminium special – Rusal threats, raw aluminium market fears and more

To say it’s up and down in the world of aluminium at the moment may be a little bit of an understatement. The energy crisis is affecting supply and demand in surprising ways; Rusal are driving uncertainty about uncertainty; Raw Aluminium orders are down in the US;...

It’s madness in the world of metal supply – But we’ve got your back!

The energy price crisis, Russia’s war on Ukraine, a looming shortage of crucial metals... it’s all go out there. As trusted metal supplies experts, we’re weathering the storm. Whatever happens we’ll bring all of our considerable expertise into play to source the metal...

Smelters shut up shop, Novelis refuses Russian aluminium & Honda secures metals supply.

The war in Ukraine carries on, the economy is tanking, energy prices are rocketing and we’re headed for an almighty recession but what’s happening in the world of metal supply? Let’s explore some stories about metal innovation and discovery and the latest metals news,...

Asteroid fail, copper-jawed mini monster, lithium-ion gets a boost

Japan bombed an asteroid... and nothing happened. Old-school copper wiring is enjoying a speed boost thanks to cool science. Copper-rich bloodworm jaws build themselves, and the process is completely amazing. Plus - electric car charging might be about to become a lot...

Robots inside you, sensitive robotic hand, fibre-optic spying and more

As aluminium suppliers we’re always interested to hear weird science stories about the metal. As popular steel suppliers in the UK, we like tall steel tales just as much. As the summer holidays rumble on, we’ve discovered a bunch of fascinating metal-inspired stories...

Accreditations & Associations

Aluminium Stockholders Association

Quick Enquiry

Leave this field blank

0330 223 2653