Worldsteel: China’s steel overcapacity won’t be easy to resolve Edwin Basson, Director General of the World Steel Association (Worldsteel), stated that China’s long standing steel overcapacity can’t be reduced quickly, as it is deeply linked to the structure of the country’s economy. Speaking to Bloomberg, Basson emphasized, “Shutting down a steel plant creates a chain reaction across other domestic sectors. Therefore, there is no … The post Worldsteel: China’s steel overcapacity won’t be easy to resolve first appeared on EUROMETAL.

#LatestUpdates #China #EdwinBasson #worldsteel Worldsteel: China’s steel overcapacity won’t be easy to resolve

worldsteel Short Range Outlook - October 2025 - The World Steel Association (worldsteel) has released its latest Short Range Outlook (SRO) ... #steeldemand #Steelmarkets #worldsteel
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worldsteel: Addressing the complexities of decarbonizing the steel industry

#worldsteel #complexities #decarbonizing #steelindustry

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Global crude steel production edges down 0.3% y-o-y in April Global crude steel production totaled 155.7 million mt in April, down 0.3% year over year, according to World Steel Association data published May 22. This brought the January-April volume to 624.4 million mt, slightly lower by 0.4% year over year. China produced 86 million mt of crude steel in April, steady from the previous year, … The post Global crude steel production edges down 0.3% y-o-y in April first appeared on EUROMETAL.

#LatestUpdates #WorldSteel Global crude steel production edges down 0.3% y-o-y in April

Tariff uncertainty prompts Worldsteel to pause short-range outlook Uncertainty surrounding tariffs imposed by US President Donald Trump has prompted the World Steel Association (worldsteel) to postpone its April 2025 Short Range Outlook (SRO), Kallanish discovers from an association press release. “Worldsteel believes that the imposition of tariffs by the US administration could render the SRO outdated,” states the press release. “The SRO will be reviewed … The post Tariff uncertainty prompts Worldsteel to pause short-range outlook first appeared on EUROMETAL.

#LatestUpdates #worldsteel Tariff uncertainty prompts Worldsteel to pause short-range outlook

Austria decreases crude steel production in February Austria decreased crude steel production in February, according to worldsteel data. Output amounted to 510,673 tonnes, down 11.5% down year-on-year, Kallanish notes. In January, output amounted to 599,000t, 5.9% less on-year. In January-February, the country produced 1.1 million tonnes of steel, compared to 1.21mt in the same period last year. Austria remained in 23rd place in the ranking … The post Austria decreases crude steel production in February first appeared on EUROMETAL.

#LatestUpdates #Austria #worldsteel Austria decreases crude steel production in February

Global steel output slides 3.4% Y-O-Y, China production dips Global crude steel production decreased by 3.4% year-over-year and 4.4% month-over-month to 144.7 million mt in February 2025, according to data published by the World Steel Association on March 25. China is estimated to have produced 78.9 million mt in February 2025, down 3.3% year over year and 3.67% month over month. It accounts for … The post Global steel output slides 3.4% Y-O-Y, China production dips first appeared on EUROMETAL.

#LatestUpdates #WorldSteel Global steel output slides 3.4% Y-O-Y, China production dips

Global crude steel production grows in December but declines overall in 2025 Global crude steel production rose by 5.6% year on year in December 2024 to 144.5 million tonnes, according to the latest data from the World Steel Association (worldsteel). But total production for the full year 2024 declined by 0.9% to 1,839.4 million…

#LatestUpdates #steelproduction #worldsteel Global crude steel production grows in December but declines overall in 2025

EU records first production growth in 3 years The EU recorded in 2024 its first annual crude steel produciton growth since 2021, but output still remained below the Covid-stricken year of 2020 as financial difficulties hit certain steelmakers. EU crude steel produciton increased 2.6% on-year in 2024…

#LatestUpdates #steelproduciton #worldsteel EU records first production growth in 3 years