Poland increased steel production by 5.9% m/m in October

In January-October, the country's steelmakers reduced steel production by 17.5% y/y

In October 2023, steel enterprises of Poland increased steel production by 5.9% compared to the previous month – up to 577 thousand tons. This is evidenced by WorldSteel Association’s data.

Steel production in Poland decreased by 5.9% year-on-year in October 2023.

In January-October 2023, Polish steelmakers produced 5.44 million tons of steel. This is down 17.5% compared to the same period in 2022.

The average monthly steel production in Poland in January-October amounted to 577 thousand tons, while in the same period of 2022 the figure was 586 thousand tons (-17.51% y/y).

There are 10 steel plants in Poland, including two blast furnaces in Krakow (annual capacity of 2.6 million tons of finished products) and Dąbrowa Górnicza (5 million tons), and 8 electric arc furnaces in Chorzów (145 thousand tons), Częstochowa (800 thousand tons), Gliwice (250 thousand tons), Katowice (65 thousand tons), Ostrowiec (900 thousand tons), Stalowa Wola (240 thousand tons), Warsaw (750 thousand tons), and Zawiercie (1.34 million tons).

In 2022, Poland reduced steel production by 8.6% compared to 2021 – to 7.73 million tons. Thus, the country was ranked 22nd in the global steel producer ranking by WorldSteel.

In general, steel production in the EU countries in October 2023 fell by 7.1% compared to October last year to 10.6 million tons. In January-October 2023, the EU produced 106.8 million tons of steel, down 8.8% y/y.

The low steel production in January-September 2023 is due to the weak market conditions that have been observed since the fall of 2022. The European steel industry is facing high production costs at a time when demand for domestic steel products is weak amid a flood of cheaper imported products. Many companies have now limited their capacity to balance supply and demand and stabilize product prices.

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.