steel production

Up to €150 million is planned to be invested in the modernization of the steel plant

In particular, there is a need to review safeguards against states participating in GFSEC

Steel production for the month fell by 11.7% m/m, and pig iron – by 3% m/m

Domestic supplies increased by 5.8% year-on-year in this period

Country's steel companies have good positions in the global steel sector

The largest share of rolled steel imports by the Georgian market is rebar, so the new plant will cover domestic needs

Pig iron production fell by 4.2% m/m, and steel – by 14.3% m/m

The production of rolled products fell by 64.3% m/m, and that of flat products – by 42% m/m

The company is implementing a decarbonization project worth £1.25 billion

The industry association also points to high electricity prices for Italian steelmakers

In January-August, French steelmakers increased steel output by 8.4% y/y

During January-August, Spanish steelmakers increased steel output by 4% y/y