News
- 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
- 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