Italy - Latest news GMK Center

In December, steel output decreased by 15.6% year-on-year

Investments will be directed to the restart of production processes and ensuring employment and higher results of the enterprise

This winter, the stops will be longer due to the unfavorable market conditions

In Germany, steel output fell by 11.8% m/m, in Italy – by 7.9% m/m

In 11 months of 2022, steel production in Italy decreased by 11.2% y/y

In this way, the company plans to bypass the protective measures of the European Union, anti-dumping duties and the CBAM mechanism

The volume of steel production at the plant in Taranto in 2021 amounted to only 3 million tons

Stefano Ferrari and Gianfranco Tosini discussed the priorities and prospects for the Italian steel industry in the interview for GMK Center.

Longer shutdowns of steelmakers for maintenance will affect scrap consumption in the first quarter of 2023

European producers are trying to push the market, and export prices have increased in Turkiye

In France it increased by 14.7%, in Germany – by 10.5%

In general, on the European hot-rolled market trade of products is limited. Restocking is expected no earlier than next year