Industry News
- 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
- Scrap prices rose slightly in mid-March
Increased offers from sellers are not supported by buyer demand in most regions of the world
- UK Steel offers affordable electricity solutions for steelmakers
Industry association calls for introduction of bilateral contract for difference mechanism
- China intends to expand the national carbon market
The goal is to accelerate the fight against greenhouse gas emissions
- Global iron ore prices fell at the end of February
Despite the weakening market, prices remain 3-3.3% higher compared to the end of 2024