The steel industry is currently experiencing a surge in demand and prices

The steel industry is currently experiencing a surge in demand and prices due to the post-pandemic economic recovery.

Meanwhile, China's steel output hit a record high in March, with production increasing by 19.1% year-on-year. However, concerns have been raised about China's overproduction and potentially flooding the global market.

In Europe, the steel industry is facing challenges with rising energy costs and carbon emissions regulations.

Overall, the steel industry is experiencing both positive growth and challenges as it navigates the evolving global economic landscape and environmental regulations.