steel production - Latest news GMK Center

In December, steel output decreased by 15.6% year-on-year

The funds provided by the EBRD will be used for the construction of a new rolling mill and a solar power plant

In December, Kazakhstan's steelmakers reduced steel production by 25.7% y/y

India produced about 124.5 million tons of crude steel in 2022, while finished steel production stood at 117.8 million tons

In December 2022, supplies of steel raw materials to the country decreased by 8.1% m/m

Due to uncompetitiveness, the company will stop several factories that produce unprofitable products

Also, during the year, the enterprise carried out 638 planned and preventive repairs

The indicator fell by 6.3% compared to the second quarter of the 2022/2023 financial year

In 2022, pig iron production amounted to 6.39 million tons, and steel Ukrainian steelmakers produced 5.35 million tons of rolled steel in 2022 6.26 million tons

Steel exports in 2022 are expected to grow by 1% y/y

In December, steel imports into the country increased to a 3-year high – by 65% ​​y/y

Investments will be directed to the restart of production processes and ensuring employment and higher results of the enterprise