Italy

Italy cut steel production by 42% y/y in August 2022

In January-August 2022, steel production decreased by 10% y/y

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Italian steelmakers to introduce a surcharge on electricity

The size of the surcharge to the product price can amount to €200-300 per ton of rolled steel

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Italy reduced steel production by 27% y/y in July

In January-July 2022, steel production decreased by 7.3% y/y

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The Italian reroller company Ferriere Nord stopped the work of one of the factories until October

The company made this decision due to high electricity costs

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Italian long steel companies to stop production due to the energy crisis

Factories may idle capacity after summer shutdowns for repairs if buyers refuse to accept higher prices

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Italy in the first half of the year reduced steel production by 4%

June production was 14.2% lower than the same month in 2021

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ArgusMedia: Euro/dollar parity may help hot-rolled steel prices stabilization

Euro and dollar exchange rates are nearly equal, which could help European flat steel prices reach bottom and stabilize

Two flat-rolled steel producers in Italy will stop production for repairs

The total capacity of the two companies is about 6 million tons of metal products per year

Prices for hot rolled products in Italy for 3 months fell by 42%

As of June 24, the HRS index from Argus was €784.5/t compared to €1350/t in mid-March

Italy in January-May reduced steel production by 1.9%

In May, the production of long products fell by 9.4% to 1.1 million tons, flat products – by 14.8%, to 871 thousand tons

Italy cut steel production by 5% in Q1 2022

Steel production in Italy down 8.1% in March

«Метинвест» поставил 18,5 тыс. т стали для моста в Генуе (c) metinvestholding.com
Metinvest supplied 18.5 thousand tons of steel for a bridge in Genoa

24 thousand tons of steel products were used in the bridge construction in total

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