Hyundai Steel Rebar Exports to U.S. Surge 286% Amid Market Changes
Hyundai Steel's rebar exports to the U.S. increased by 286% in Q1, driven by rising domestic steel prices and infrastructure investments. The company is adjusting export volumes based on profitability while expanding into new markets like data centers and renewable energy.
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Hyundai Steel reported a 286% increase in rebar exports to the U.S. in the first quarter, largely due to rising local prices that mitigate the impact of high tariffs. The U.S. market is experiencing strong demand for long products, propelled by infrastructure investment and supply shortages.
While the export share to the Middle East is limited, regional dynamics have also influenced global pricing. Hyundai Steel plans to enhance its logistics efficiency by shortening transport routes. Additionally, the company is diversifying into sectors beyond construction, including data centers and renewable energy, as it anticipates a gradual recovery in demand driven by public sector orders in the latter half of the year.
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