Profitability and margins for steel producers vary greatly between regions due to factors including dependence on markets affected by the novel coronavirus (2019-nCoV) outbreak and geopolitical issues, according to Irepas.
In general, the demand outlook is still positive globally while developments in the automotive and industrial markets may help to support construction products. Moreover, inventory levels at present are moderate globally, the association added.
Construction activity has consistent over the winter period in the northern hemisphere due to the warm weather and there have been minimal stoppages.
“The overcapacities in the EU still prevent prices from going up, even though imports are low as never before...