Industry News
- China increased steel exports by 13.4% y/y in April
The indicator reached its highest level since September 2015
- Nucor cuts prices for hot rolled coils by $20/t
Supply of products fell to the lowest level since early March
- EU increased imports of iron and steel products from Russia by 71% y/y in January-February
Main volume is accounted for by pig iron, semi-finished steel products, and direct reduced iron
- 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