Reported 1 day ago
European steelmakers reported better-than-expected first-quarter earnings but cautioned about potential risks from global trade tensions, low prices in Europe, and market volatility. Companies like ArcelorMittal and SSAB highlighted concerns over trade disruptions affecting their steel demand forecasts, particularly in the U.S. and China. Analysts suggest that high energy costs and competition from cheaper Chinese producers alongside tariffs pose significant challenges for the industry, which is already dealing with excess capacity.
Source: YAHOO