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stainless steel - Latest news GMK Center

Photo – Global stainless steel production in Q2 grew by 5% q/q
Global stainless steel production in Q2 grew by 5% q/q

During the period, stainless steel production volumes increased in most key regions

Photo – Acerinox considers raising prices in the US market
Acerinox considers raising prices in the US market

The company believes that US tariffs strengthen the position of local producers

Photo – Global stainless steel production increased by 6.2% y/y in Q1
Global stainless steel production increased by 6.2% y/y in Q1

During the period, stainless steel output increased in most key regions

Photo – Stainless steel prices in Europe will continue to decline – Assofermet
Stainless steel prices in Europe will continue to decline – Assofermet

The reason is high inventories in service centers and weak demand in key sectors

Photo – EU stainless steel producers strengthen their positions despite geopolitical instability
EU stainless steel producers strengthen their positions despite geopolitical instability

Acerinox and Outokumpu report Q1 EBITDA and production growth and expect further improvement

Photo – Outokumpu builds bio-carbon plant in Germany to reduce emissions
Outokumpu builds bio-carbon plant in Germany to reduce emissions

The new plant will help reduce the company's direct emissions by up to 50% and strengthen its environmental position

Photo – Arvedi AST suspends production in Terni until the end of November
Arvedi AST suspends production in Terni until the end of November

The production shutdowns are related to efforts to balance supply and demand in the stainless steel market

Photo – Acerinox temporarily suspends steel production in Spain
Acerinox temporarily suspends steel production in Spain

The plant in the city of Los Barrios, Cádiz province, is expected to be idle from October 12

Photo – Global stainless steel consumption in 2024 will grow by 4% y/y – WSA
Global stainless steel consumption in 2024 will grow by 4% y/y – WSA

In 2025, the rate of consumption growth will slow down to 3% y/y

Photo – Italian Arvedi AST has stopped one of its EAFs ahead of schedule
Italian Arvedi AST has stopped one of its EAFs ahead of schedule

The stoppage is due to a technical malfunction in the system of stepping beams

Photo – European stainless steel producers point to CBAM problems
European stainless steel producers point to CBAM problems

Leaders from the sector, in particular, talk about the difficulty of predicting the operation of the mechanism

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