steel industry

The enterprise, located in the city of Dnipro, is one of the largest producers of pig iron rolls in Ukraine

Steel consumption in the Russian Federation in the second quarter of 2022 decreased by 16% q/q

In recent months, the country's government has allocated more than €850 million to support local gas and electricity-intensive industries

Current gas and electricity prices threaten the viability of the industry in Europe, the association believes

The main reasons are low demand for steel products and high energy costs

For some steel companies, additional costs can amount to €17,000 per worker

Due to weak demand, iron and steel companies are forced to cut production

In the next few years, the company plans to expand the plant's capabilities to meet the future demand for steel

The projects will expand the capacity of Tata Steel, ArcelorMittal Nippon Steel and other Indian companies

No expectations for significant improvements in July too

Panic is at the raw materials and metal markets

Iron ore prices decline is accelerating