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Global Commodity Prices Rise Again

World crude steel production: By the end of October 2017, world crude steel production had risen by 5.6 %. Growth was somewhat weaker in Europe (3.7 %) and North America (4.1 %). Experts expect an increase of over 4 % in 2017. This is mainly due to a base effect in China where production in illegal steel mills has been shut down and demand has moved to the official sector. IKB estimates the volume to be at around 100 million tons per year. In Germany, IKB Industriebank expects an output in excess of 43 million tons. Turkey has recorded a growth of 13 % since January, but this is difficult to verify. Domestic demand is driven by the automotive and construction industries. Import duties also continue to have a positive effect. Southern Europe ordinary steel continues to suffer from high imports. arrow forward Image Zoom
World crude steel production: By the end of October 2017, world crude steel production had risen by 5.6 %. Growth was somewhat weaker in Europe (3.7 %) and North America (4.1 %). Experts expect an increase of over 4 % in 2017. This is mainly due to a base effect in China where production in illegal steel mills has been shut down and demand has moved to the official sector. IKB estimates the volume to be at around 100 million tons per year. In Germany, IKB Industriebank expects an output in excess of 43 million tons. Turkey has recorded a growth of 13 % since January, but this is difficult to verify. Domestic demand is driven by the automotive and construction industries. Import duties also continue to have a positive effect. Southern Europe ordinary steel continues to suffer from high imports. (Picture: see picture)
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