MARCH 2025 # Steel Industry: Trends, Challenges & Outlook
- sreeramspf
- Mar 22
- 1 min read
March is a crucial month for the steel industry as global markets react to shifts in demand, supply chain adjustments, and economic policies. With Q1 closing, companies assess performance and set strategies for Q2. Let's explore key trends, backed by data.
1️⃣ Global Steel Production & Prices
📌 Steel Production (March 2025):According to the World Steel Association, global crude steel production saw a YoY increase of 2.5%
Region | March 2024 (MT) | March 2025 (MT) | Growth (%) |
China | 88.3 | 90.5 | +2.5% |
India | 11.1 | 11.7 | +5.4% |
EU | 12.9 | 12.3 | -4.7% |
USA | 7.1 | 7.4 | +4.2% |
📊 Steel Price Trends (March 2025, $/MT)
Hot Rolled Coil (HRC): $740 (+3.2% MoM)
Rebar: $710 (+2.8% MoM)
🔎 Key Factors Influencing Prices:✔️ US steel tariffs impacting trade flows
2️⃣ Challenges
Challenges:
Geopolitical Uncertainty – . Raw Material Costs – Iron ore & coking coal prices remain volatile. Decarbonization Pressure
3️⃣ Market Outlook for Q2 2025
📈 Steel demand is expected to grow by 3-4%,
🏭 China's production may stabilize, while the US & EU focus on domestic supply chains.
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