Industry News
- Global iron ore prices fell at the end of February
Despite the weakening market, prices remain 3-3.3% higher compared to the end of 2024
- Steelmakers propose EC to consider monthly global hot-rolled steel quota – Argus
The offer came from South Korean steelmakers, and EUROFER considers the option viable
- US steel tariffs could trigger a global trade war – CISA
The impact of these tariffs on Chinese exports will be limited in the short term
- Global stainless steel production in January-September 2024 increased by 5.4% y/y
During the period, stainless steel output increased in most regions
- India’s steel ministry requests budget support for decarbonization of the industry
It is about the sum of 150 billion rupiah ($1.74 billion)