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rolled steel production - Latest news GMK Center

Photo – Steel Dynamics forecasts lower earnings for Q4
Steel Dynamics forecasts lower earnings for Q4

The company points to the price factor and longer-than-planned downtime for maintenance

Photo – Iron ore production in China fell to 923.6 million tons in 11 months
Iron ore production in China fell to 923.6 million tons in 11 months

Ferroalloy production increased by 5.8% y/y during the period

Photo – Zaporizhstal increased its rolled steel output by 16% y/y in January-November
Zaporizhstal increased its rolled steel output by 16% y/y in January-November

Steel production increased by 10.9% y/y during the period, while pig iron production increased by 15.4% y/y

Photo – Turkey’s Çolakoğlu Metalurji plans to export over 3 million tons of steel in 2025
Turkey’s Çolakoğlu Metalurji plans to export over 3 million tons of steel in 2025

The company notes that the country's steelmakers have faced a decline in demand in recent years.

Photo – Canada’s Algoma Steel has finalized a $500 million government financing agreement
Canada’s Algoma Steel has finalized a $500 million government financing agreement

Funding will help the company accelerate its transition to electric arc production

Photo – Ukraine produced 5.38 million tons of rolled steel in January-October
Ukraine produced 5.38 million tons of rolled steel in January-October

Pig iron production amounted to 6.48 million tons, and steel production amounted to 6.17 million tons

Photo – Steel Dynamics demonstrates strong performance in the third quarter
Steel Dynamics demonstrates strong performance in the third quarter

The company expects improved market conditions to drive higher domestic demand

Photo – ArcelorMittal Hunedoara plans to restart production using billets from Ukraine
ArcelorMittal Hunedoara plans to restart production using billets from Ukraine

In September, the Romanian steel producer announced an indefinite suspension

Photo – Egypt launches stimulus package to support local flat steel production
Egypt launches stimulus package to support local flat steel production

Measures aimed at expanding the country's production capacity and reducing imports

Photo – Węglokoks and trade unions sign agreement to stabilize operations at two steel plants
Węglokoks and trade unions sign agreement to stabilize operations at two steel plants

Support covers debt restructuring, recapitalization, and investments in modernization

Photo – ArcelorMittal South Africa to expand job cuts
ArcelorMittal South Africa to expand job cuts

The company plans to lay off 4,000 employees, with the cuts affecting its flagship asset in the country

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