World crude steel production for the 69 countries reporting to the World Steel Association (worldsteel) was 151.4 million tonnes (Mt) in January 2025, a 4.4% decrease compared to January 2024.
The government will impose up to 38.02 percent antidumping tariffs on steel plates from China, accepting Hyundai Steel's claim that the oversupply of low-priced Chinese products has damaged the domestic industry.
Brazilian steelmaker Gerdau may opt to bump up its output capacity in the United States instead of building a new plant in Mexico, its CEO said on Thursday, as tariffs implemented by President Donald Trump shake up global trade.
The economic and geopolitical conditions that have affected the European steel market over the past two years show no signs of improvement and have further deepened their negative impact on the sector in 2024.
Kevin Dempsey, president and CEO of the American Iron and Steel Institute, released the following statement on the memorandum issued by President Trump regarding reciprocal trade.