steel production

The Indian Government has set up advisory committees to deal with the problems of steel industry

Due to this, it is planned to reduce problems in the industry and accelerate the achievement of the goal of 300 million tons of capacity by 2030

Kametstal produced 3.3 thousand axles for railcars and locomotives

This is the second batch produced at the plant since the beginning of the war by order of domestic consumers

Türkiye cut steel production by 21% y/y in August 2022

In January-August 2022, steel production by Turkish steelmakers decreased by 8.8% year-on-year

India will bet on decarbonisation of steel production

The long-term goal is to reduce carbon emissions by 50% by 2047

ArcelorMittal begins temporary shutdowns of steel plants capacities in Europe

The company's blast furnaces will be partially stopped at enterprises in France, Poland, Spain and Germany

ArcelorMittal and Zeleros are testing steel for vacuum trains

The purpose of the tests is to find out how certain grades of steel perform under ultra-high speed conditions

Askoval plans to cut production in half from October 2022

During the next three months, the electric arc furnaces at the plant will not work for several days a week to save electricity

AMNS India invests $5 billion in expanding production capacity

Two blast furnaces to be built at the Hazira plant by mid-2026

The USA increased steel imports by 8.8% y/y in January-August 2022

Imports of finished steel products to the USA for 8 months of 2022 increased by 28.7% y/y

Moody’s changed the global forecast for the mining and metals sector

The aggregate EBITDA of the largest companies is expected to decline over the next 12 months

Steel production in the UK will fall below 7 million tons in 2022 – ISSB

The fall in steel production in the UK is taking place against the background of relevant global trends