ThyssenKrupp expects continued ‘challenging market environment’ in 2019

German steelmaker ThyssenKrupp expects the global steel market environment to remain challenging in 2019, amid “continuing global overcapacities, ongoing risks from trade uncertainties, [and] sharply rising iron ore prices,” the company said on May 14.

Fastmarkets’ 62% Fe iron ore index averaged $82.41 per tonne cfr Qingdao over the first quarter of 2019, compared with $74.39 per tonne cfr in the first three months of 2018. “The EU carbon flat steel market [was] cyclically weaker in the first three months of 2019; third-country imports [were] again higher at the expense of European suppliers and EU safeguard measures have so far been without a major limiting effect...

Published

Viral Shah

May 14, 2019

18:20 GMT

London