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Italy - Latest news GMK Center

Photo – The EC approved the acquisition of Marcegaglia by Latvian Severstal Distribution SIA
The EC approved the acquisition of Marcegaglia by Latvian Severstal Distribution SIA

SD SIA controls the service center in Riga and subsidiary companies SD Sp.zo.o. in Poland and SD OOO in Ukraine

Photo – The Italian Arvedi AST in the 2021/2022 financial year received a profit of €187 million
The Italian Arvedi AST in the 2021/2022 financial year received a profit of €187 million

The company recorded practically stable supplies of stainless steel

Photo – Competition is intensifying in the Italian rolled steel market
Competition is intensifying in the Italian rolled steel market

Sellers of sheet steel note a reduction in consumption and slow sales

Photo – Italy reduced steel production by 7.3% y/y in February
Italy reduced steel production by 7.3% y/y in February

In January-February, Italian steelmakers reduced steel output by 10.8% y/y

Photo – Italy will present a plan to unblock Ukrainian exports
Italy will present a plan to unblock Ukrainian exports

The Italian government intends to create a logistics platform for Ukraine

Photo – Italy will protect Acciaierie d’Italia with a separate law
Italy will protect Acciaierie d’Italia with a separate law

Legislators seek to restore the conditions for the development of steel industry

Photo – GFG Alliance acquired Aartee’s Italian assets
GFG Alliance acquired Aartee’s Italian assets

This move will allow Liberty Steel to increase its customer base and product range in Italy

Photo – Italy reduced steel output by 14.7% y/y in January 2023
Italy reduced steel output by 14.7% y/y in January 2023

Steel production in the country increased by 22.7% compared to December 2022

Photo – Electricity prices in Europe fell significantly in January 2023
Electricity prices in Europe fell significantly in January 2023

Governments and companies are still forced to act in the face of energy price volatility

Photo – The global rebar market in January 2023 was marked by a slowdown
The global rebar market in January 2023 was marked by a slowdown

European producers have not managed to increase prices, and the Asian market is defined with trends

Photo – Acciaierie d’Italia will receive the first grant of €680 million from the government
Acciaierie d’Italia will receive the first grant of €680 million from the government

In 2023, the plant in Taranto plans to produce 4 million tons of steel

Photo – DRI d’Italia will contribute to the decarbonization of the country’s steel sector
DRI d’Italia will contribute to the decarbonization of the country’s steel sector

The agreement provides for cooperation in the search for innovative solutions for the processing of ferrous metals

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