News
- Italy reduced steel production by 3.7% m/m in July
During January-July, the indicator grew by 2.8% y/y
- Spain increased steel production by 6.3% y/y in January-July
In July, steel production in the country grew by 12.9% y/y
- China’s green transformation is challenging Australia’s raw materials model
Beijing is stepping up its efforts to decarbonize steel, and Australia will have to adapt its exports
- Turkey accounted for 60% of Ukraine’s rolled steel import market in 1H2025
The share of Turkish products has grown significantly, mainly in the flat rolled segment
- South Korea will protect its steel industry from global pressure
A bipartisan bill aimed at helping local steel producers has been introduced in the country
- The US and South Korea have agreed on a trade deal with a 15% tariff rate
Seoul has committed to investing $350 billion in the US, while Washington has agreed to reduce the threat of tariffs on Korean goods