Industry News
As the tariff storm rages, what challenges will the steel market face?
In recent days, the United States has wielded the "tariff stick" wantonly, causing violent fluctuations around the world and casting a shadow on the prospects for the world economic recovery.
Global crude steel production declines 3.4% YoY in February 2025
In February 2025, crude steel production in the world's 69 worldSteel Countries included in the worldsteel statistics was 144.7 million tonnes, down 3.4% year-on-year.
Nippon Steel: U.S. tariffs may cause Japan's annual crude steel output to fall below 80 million tons
Imai Masa, president of Nippon Steel Corporation, said at a press conference on March 24 that the Trump administration's measures to impose tariffs on steel, aluminum, automobiles and other products may reduce Japan's domestic crude steel output by millions of tons a year, and the total output may fall to less than 80 million tons.
The European Union released the "Steel and Metals Industry Action Plan" to deal with the US tariff shock
The European Union released the "Steel And Metals Industry Action Plan" to deal with the US tariff shock
Japan's steel industry is actively promoting a low-carbon transition through hydrogen metallurgy innovation
Under the goal of carbon neutrality, the Japanese steel industry is actively developing hydrogen reduction ironmaking technology to help achieve the carbon reduction goal of the whole of Japan. In this context, Hideki Murakami introduced that the COURSE50 project was launched in 2008 with the aim of developing hydrogen reduction technology that can be applied in blast furnaces.
Hit by U.S. tariffs, South Korean steel giants announced that they had entered a state of "emergency management".
Affected by weak domestic demand, intensified international competition and the impact of the U.S. steel tariff policy, South Korea's second largest steel company, Hyundai Steel Co., Ltd., recently announced that it has entered a state of "emergency management", taking a series of measures such as executive salary cuts, layoffs and production cuts, which has caused deep concern about the prospects of the steel industry in South Korea.
Forecast: The supply and demand game in the peak season steel market fluctuated slightly
In the 11th week of 2025 (2025.3.10-3.14), the national absolute price index was 3,645 yuan, down 0.1% from last week and 9.6% from the same period last year
From January to February 2025, China's crude steel output was 166.3 million tons, down 1.5% year-on-year
According to data released by the National Bureau of Statistics, China's crude steel output from January to February was 166.3 million tons, down 1.5% year-on-year. From January to February, China's pig iron output was 140.75 million tons, a year-on-year decrease of 0.5%. From January to February, China's steel output was 224.09 million tons, a year-on-year increase of 4.7%.
Continue to implement crude steel output regulation and control, and promote the reduction and restructuring of the steel industry
BEIJING, March 13 (Xinhua) — Xinhua News Agency on Wednesday released the full text of a report by China’s National Development and Reform Commission (NDRC) submitted to the third session of the 14th National People’s Congress (NPC), outlining progress in 2024 and key tasks for 2025 to advance the nation’s economic and social development.
After the industrial contradiction is resolved, the valuation level of the steel industry is expected to be restored
Iron and steel enterprises in environmental protection, high-end, asset structure and other aspects have formed obvious differentiation, through the standard guidance and other market-oriented means, survival of the fittest, can optimize the industry supply pattern, to achieve industry quality upgrading.