Reported Earlier: 'POSCO Resets Portfolio, Expands Into Energy, Lithium; Targets 173,000-Ton Annual Lithium Capacity By 2033, Forecasts ~$1.2B Lithium-Based Operating Profit By 2035' - Korea Times

High-Strength Steel Market Poised for Robust Growth Through 2033, Fueled by Lightweighting Trends, Infrastructure Investment and Rising Automotive Demand

The global high-strength steel market is projected to grow from USD 40.67 billion in 2025 to USD 78.41 billion by 2033, expanding at a 9.0% CAGR. Growth is driven by automotive lightweighting, electric vehicle production, infrastructure development, and sustainability initiatives. Key applications include automotive, construction, mining machinery, and aviation sectors across all major global regions.

Shares of steel-related companies are trading lower amid sympathy with Nucor and Steel Dynamics after both issued their respective Q3 EPS guidance below estimates.

Shares of steel-related companies are trading higher after President Trump said in a social media post that tariffs on cars, trucks, automotive parts and steel from Canada will be increased to 50% from January 1, 2027. Steelmakers with U.S. production facilities may benefit from the protectionist import duties.

Shares of precious metals-related companies are trading higher as declining oil prices, falling Treasury yields, and a weaker U.S. dollar support gold and silver prices. The move has eased inflation concerns and strengthened expectations for a less restrictive interest rate environment.