Currently viewing Global edition

Severstal sees steel market recovery in Q1 2020

Tight margins for steel producers are triggering a number of capacity shutdowns that will see the steel market start to rebalance early next year, Russian steel producer Severstal has said.

Severstal sees steel market recovery in Q1 2020 Severstal sees steel market recovery in Q1 2020 Severstal sees steel market recovery in Q1 2020 Severstal sees steel market recovery in Q1 2020 Severstal sees steel market recovery in Q1 2020

Severstal forecasts EU steel demand will grow by 1.1% in 2020

Solid prices for coking coal and iron ore, coupled with weak steel prices, have created a challenging environment for steel players in 2019, but the company believes mounting supply tightness will