Poland increased steel production by 17.6% m/m in March

In January-March, the indicator decreased by 3.4% y/y

In March 2024, steel companies in Poland increased steel production by 17.6% compared to the previous month, to 647 thousand tons. Thus, the country was ranked 22nd in the global ranking of steel-producing countries (71) by the WorldSteel Association.

Compared to March 2023, Polish steelmakers reduced steel production by 2.6%.

In January-March, Poland reduced steel production by 3.4% compared to the same period in 2023, to 1.79 million tons.

Overall, steel production in the EU countries in January-March 2024 decreased by 1.4% compared to January-March 2023 – to 33 million tons. Global steel production for 3 months amounted to 469.1 million tons, up 0.5% y/y.

As GMK Center reported earlier, in 2023, Poland reduced steel production by 13.1% compared to 2022, to 6.44 million tons. Last year, the average monthly steel production in Poland amounted to 536.42 thousand tons, while in 2022 the figure was 617.25 thousand tons (-13.09% y/y).

There are 6 steel enterprises in Poland, including ArcelorMittal Warszawa (capacity of 0.75 million tons of steel per year), Celsa Huta Ostrowiec (0.9 million tons per year), Liberty Czestochowa (0.84 million tons per year), CMC Zawiercie (1.7 million tons per year), ArcelorMittal Dąbrowa Górnicza (5 million tons per year), and Ferrostal Labedy Gliwice (0.5 million tons per year).

The total steel production capacity of the plants reaches 9.69 million tons per year. Thus, in 2023, capacity utilization was 66.4%.