Brazil - Latest news GMK Center

The investments must be completed by 2028

The market was under pressure due to rising demand and the war in the Persian Gulf

The shortage of pig iron in Brazil is expected to continue through May

Restoring competitive conditions will require reducing the market share of foreign suppliers

The rise in pig iron prices in Europe is being driven by the full launch of the CBAM in 2026

Slab prices rose on the European market, taking into account CBAM costs

The measures, which will remain in place for five years, apply to cold-rolled and hot-dip galvanized steel products

Compared to December 2025, the indicator decreased by 22.7%

The enterprise was shut down for reconstruction in the spring of 2024

Steel production in the region is expected to decline by 2.5% y/y at the end of the year

Deliveries reached a record 341.1 million tons

The company's revenue in North America grew mainly due to increased sales in the United States