Austria produced 633 thousand tons of steel in June

Production decreased by 0.8% compared to June 2023 and by 2.6% m/m

Austrian steelmakers reduced steel production by 2.6% in June 2024 compared to May this year, to 633 thousand tons. Thus, the country was ranked 22nd in the global ranking of steel producing countries (71) by the WorldSteel Association.

Austrian steelmakers reduced steel production by 0.8% compared to June 2023.

In January-June, Austria increased its steel production by 0.7% compared to the same period in 2023, to 3.81 million tons. Average monthly steel production for this period amounted to 635 thousand tons compared to 630.8 thousand tons a year earlier.

In January-June 2024, steel production in the European Union increased by 0.9% compared to January-June 2023 – to 67.2 million tons. Global steel production for 6 months amounted to 954.6 million tons, which is in line with the same period last year.

As GMK Center reported earlier, in 2023, Austria reduced steel production by 5% compared to 2022, to 7.13 million tons. The average monthly steel production amounted to 594.4 thousand tons, while in the same period of 2022 the figure was 626 thousand tons (-5.04% y/y).

There are 2 Voestalpine steel plants in Austria, including Voestalpine Stahl Linz with a capacity of 6 million tons of steel per year and Voestalpine Stahl Donawitz with a capacity of 1.57 million tons per year.

The total capacity of the plants is 7.57 million tons per year. Thus, in 2023, capacity utilization was 94.2%.