Steel products

According to the results of January-July, the country's metallurgists reduced steel production by 3.4% y/y

In July 2023, steel enterprises of Austria increased steel production by 0.9% compared to the previous month – up to 654 thousand tons. World Steel Association’s data informs about it.

Compared to July 2022, in July this year, steel production in the country decreased by 0.3%.

In January-July this year, Austrian metallurgists reduced steel production by 3.4% compared to the same period in 2022, to 4.44 million tons.

The average monthly steel production in Austria in January-July amounted to 634.1 thousand tons, while for the same period in 2022 the figure was at the level of 656.7 thousand tons (-3.4% y/y).

There are 5 steel plants in Austria, in particular, two blast furnace type (BF & BOF) – Donawitz (annual capacity – 1.37 million tons of steel) and Linz (4.34 million tons/year), and three electric arc (EAF) – Graz (365 thousand t/year), Kapfenberg (180 thousand t/year), Mitterdorf (300 thousand t/year).

In 2022, Austrian steelmakers reduced steel production by 4.7% compared to 2021 – to 7.51 million tons. In December 2022, 560,000 tons of steel were produced, which is 13.8% less y/y and by 0.5% more m/m.

In general, steel production in the EU countries in July 2023 fell by 7.1% compared to July last year, to 10.3 million tons. In January-July this year, 76.7 million tons of steel were produced in the EU, which is 10.3% less than y/y.

As GMK Center reported earlier, in 2022 European steelmakers reduced steel production by 10.5% compared to 2021 – to 136.7 million tons. In general, global steel output last year fell by 4.3% y/y – to 1.831 billion tons.