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• BIR World Mirror on Latin America - April 2017
  BIR World Mirror on Latin America - Issue April 2017 I celebrate the opportunity provided by this Mirror to share some thoughts with you about a developing and complex region of the world. I would like to thank my colleagues on the Latin America Committee as well as in the different BIR divisions for sharing their insights. During the last couple of months, the Mexican peso has appreciated significantly from a low of MX$ 21.95 to the US dollar to MX$ 18.51 - a level very similar to the one obser...
• BIR World Mirror on Latin America - September 2017
  BIR World Mirror on Latin America - Issue September 2017 It has been a challenging quarter, to say the least. Mexico has suffered the impact of two major earthquakes and a hurricane in the last 15 days; thousands have been left with no home while vital infrastructure - such as hospitals and roads - has been damaged or destroyed. The US states of Texas and Florida, as well as the island of Puerto Rico, were also impacted by powerful hurricanes, all of which are vital for trade with Latin America....
• BIR World Mirror on Stainless Steel and Special Alloys - July 2017
  BIR World Mirror on Stainless Steel & Special Alloys - Issue July/August 2017 Tougher second half anticipated to 2017Europe’s stainless steel industry is currently in its summer period of lower activity owing to maintenance breaks.The first half of 2017 was successful both in terms of total liquid output as well as financial results. For the recycling industry, however, it was a challenging six months because of significant price volatility, particularly with the FeCr/Cr valuation.The seco...
• BIR World Mirror on Stainless Steel and Special Alloys - October 2017
  BIR World Mirror on Stainless Steel & Special Alloys - Issue October 2017 Market conditions slightly improved but caution remains necessary Stainless steel crude output during the third quarter was clearly influenced by seasonal factors as most of the major European producers place maintenance work in this period. As a result, demand for stainless scrap was slightly lower. The price environment remained attractive, with nickel and Fe prices showing significant strength. In general, market co...
• BIR World Mirror on Stainless Steel and Special Alloys - February 2017
  BIR World Mirror on Stainless Steel & Special Alloys - Issue February 2017 Protectionism seen as a threat to growthEurope’s crude stainless output significantly increased in the fourth quarter of 2016, as a result of which total output for the year is expected to be 3% higher than in 2015. In light of positive economic growth forecasts for most regions, stainless producers in Europe remain optimistic about production volumes in 2017. Therefore, good demand for stainless scrap is expected....
• BIR World Mirror on Stainless Steel and Special Alloys - May 2016
  BIR World Mirror on Stainless Steel & Special Alloys - Issue May 2016 Expect more price volatility in months to comeThe first quarter of 2016 saw normal crude stainless output in the EU that was in line with expectations. Most market participants produced according to budget whereas profitability was still showing potential for improvement. Regarding the availability of stainless scrap, most mills had to increase their primary raw material intake in order to obtain the requested volumes of r...
• BIR World Mirror on Stainless Steel and Special Alloys - May 2017
  BIR World Mirror on Stainless Steel & Special Alloys - Issue May 2017 Strong trends turn negativeThe first quarter of 2017 brought strong crude stainless production in all key markets worldwide. Consequently, demand for stainless steel scrap was also strong and the underlying price levels attractive. This was supported by rising nickel prices and a significant increase in chrome prices. Unfortunately, this general trend ended in March and, additionally, chrome prices dropped at the beginning...
• China’s NPC adopts revised environmental protection law
  China’s NPC adopts revised environmental protection law BIR would like to inform its members that on Thursday 9 May 2014, for the first time in 25 years, China's National People's Congress (NPC), the country's top legislator has adopted revisions to the 1989 Environmental Protection Law. The revised law is due to enter into effect on January 1st, 2015. The environmental protection law is mainly of concern to Chinese companies and bears no direct consequences on international trade. However, it...
• BIR World Mirror on Stainless Steel and Special Alloys - August 2015
  BIR World Mirror on Stainless Steel & Special Alloys - Issue August 2015 Overall in Europe, stainless steel producers have been able to further increase their competitiveness, as documented by their recently-published results for the second quarter of 2015.Nevertheless, total crude stainless production in the EU decreased over the same period, which is somehow surprising given, in particular, the anti-dumping regulations in place against certain Asian stainless producers.  Europe has witnes...
• BIR World Mirror on Stainless Steel and Special Alloys - February 2016
  BIR World Mirror on Stainless Steel & Special Alloys - Issue February 2016 Probably no stability without deep production cutsIn the EU, 2016 began with anticipated order intakes and production levels at the leading stainless steel flat producers. Furthermore, the officially-reported financial results for the fourth quarter of 2015 confirmed their efforts to remain competitive in a challenging market, with their full focus on further cost-cutting.The entire stainless steel value chain is suff...