rolled steel production - Latest news GMK Center

The capacity expansion project began in 2021

At the end of May, a reheating furnace was put into operation at the enterprise

At the end of May, rolling shop №2 will start fulfilling orders for 17,000 tons of shaft props and profiles

The construction of the new enterprise is planned to be completed in three years

The company's investments for 2022-2026 are planned at the level of €400 million

During the year, the company produced 3.5 million tons of steel and 3.3 million tons of pig iron

The steel market has slowed down, buyers enter into transactions only when they need to replenish stocks

At the end of April, the court rejected all three applications for the acquisition of enterprises in Liège

Local unions have previously expressed support for Liberty Galati's bid

Sales of flat rolled products increased by 5.4% m/m, long products – by 11.6% m/m, and other steel products – by 17.9% m/m

In 2022, the company increased the production of steel products by 3.4% – up to 1.84 million tons – more than 1 million tons of thick rolled products were produced

In the fourth quarter of 2022, the company's net profit was $1.26 billion