In January-July, Italian metallurgists reduced their steel output by 4.8% y/y
In July 2023, metallurgical enterprises of Italy increased their steel production by 9.2% compared to the same month in 2022 – up to 1.753 million tons. SteelOrbis informs about it with the reference to data from the Italian association of steel producers Federacciai.
Compared to June of this year, in July Italian metallurgists reduced steel production by 8.1%.
The production of flat products in the country in July 2023 increased by 7.4% compared to July 2022, to 846 thousand tons. The production of long products amounted to 960 thousand tons, which is 6.3% more year on year.
In January-July 2023, Italy reduced steel production by 4.8% compared to the same period in 2022, to 13.198 million tons.
As GMK Center reported earlier, steel enterprises of Italy in 2022 reduced steel production by 11.5% compared to the same period of the previous year – to 21.6 million tons. In 2022, the production of rolled products in the country decreased by 12% y/y – to 12.03 million tons, flat rolled products -– by 13.8% y/y, to 9.55 million tons.
According to the WorldSteel association, steel production in the EU countries in 2022 decreased by 10.5% year-on-year – to 136.7 million tons. In general, steel production in the world fell by 4.3% y/y – to 1.83 billion tons. During the past year, the situation in European steel industry was affected by such factors as high prices for energy resources, high volatility of prices and demand, and a decrease in steel exports from the EU. They were partly caused by the military aggression of the Russian Federation against Ukraine.