Industry News
- ExclusiveFrance increased rolled steel exports by 16.9% y/y in January
Imports of relevant products from third countries increased by 51.8% y/y
- POSCO considers joining Hyundai Steel project in the US
Possible partnership is a response to US steel tariffs
- SSAB to build a new cold rolling complex in Luleå
This will contribute to a significant increase in the production of high-quality steel, in particular for the automotive industry
- Belgium increased steel production by 5.9% y/y in January-February
In February, the country's steelmakers reduced steel production by 3.3% m/m, but increased it by 1% y/y
- Scrap prices rose slightly in mid-March
Increased offers from sellers are not supported by buyer demand in most regions of the world