Industry News
- Germany increased steel production by 7.5% y/y in March
Compared to the previous month, the figure rose by 18.1%
- China is stepping up efforts to stabilize the steel market
The imbalance between ample supply and weak demand for steel continues to grow
- ExclusivePrices for Turkish welded pipes rose by $60 per ton in March
Prices for oil and gas OCTG pipes in the U.S. remained stable during the same period
- China’s steel industry’s green transition will cut emissions by 37% – CREA
Increasing the share of EAFs to 20% by 2030 could also improve the sector’s profitability and sustainability
- POSCO and Hyundai Steel will raise prices for hot-rolled steel for April sales
The rise in prices for these products in the country is driven by a supply shortage and cost pressures