rolled steel production - Latest news GMK Center

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

Flat rolled production in March 2023 decreased by 8.6% year-on-year

In the first quarter, Italian steelmakers reduced steel output by 6% y/y

Initial public offering is being considered as one of the potential options

The main shortage of hot-rolled steel in the EU is expected in the summer 2023