The Russian Ministry of Industry and Trade has developed a strategic draft for the country's steel industry until 2030. According to the document, it will take approximately eight years to adapt to the sanctions and restore the industry's indicators to the level of 2019-2020.

POSCO fell to sixth place in global crude steel production in 2020, a decrease of one place compared to 2019. After quickly overcoming the COVID-19 crisis, Chinese steel manufacturers have seen a significant increase in crude steel production and a rise in rankings.

The International Association of Long Rod Manufacturers (Irepas) pointed out in its latest demand outlook report that global long rod varieties are expected to be good in the second quarter.

Many automobile manufacturers in Europe and the United States have suffered heavy losses in the COVID-19, and are returning to work in a limited manner. Among them, Volkswagen's largest factory in Germany partially resumed production on the 27th, while American car companies such as General Motors and Ford actively seek to resume production on May 18th.