icon

steel production - Latest news GMK Center

Photo – China reduced steel production by 1.4% y/y in January-November 2022
China reduced steel production by 1.4% y/y in January-November 2022

During this period, the production of steel products fell by 0.7% y/y, and pig iron – by 0.4% y/y

Photo – Scrap demand in Italy will fall at the beginning of 2023 due to shutdowns of steel plants
Scrap demand in Italy will fall at the beginning of 2023 due to shutdowns of steel plants

Longer shutdowns of steelmakers for maintenance will affect scrap consumption in the first quarter of 2023

Photo – Montenegrin EPCG to purchase the Turkish Tosyali steel plant for €20 million
Montenegrin EPCG to purchase the Turkish Tosyali steel plant for €20 million

Toscelik Niksic produces non-alloy steel, roller-bearing steel, tool steel, and heat-resistant steel

Photo – Ukrainian steelmakers produced 222,000 tons of rolled steel in November 2022
Ukrainian steelmakers produced 222,000 tons of rolled steel in November 2022

Pig iron smelting in November 2022 amounted to 335 thousand tons, and steel – 313 thousand tons

Photo – ArcelorMittal launches carbon capture and utilization project at Ghent plant
ArcelorMittal launches carbon capture and utilization project at Ghent plant

The first plant of this type in the European steel industry cost the company €200 million

Photo – China reduced iron ore imports by 2.1% y/y in January-November 2022
China reduced iron ore imports by 2.1% y/y in January-November 2022

In November 2022, the iron ore import decreased by 5.8% year-on-year and by 4.1% more compared to the previous month

Photo – Slovakia’s US Steel Kosice has shut down the second of its three blast furnaces until 2023
Slovakia’s US Steel Kosice has shut down the second of its three blast furnaces until 2023

The shutdown of the unit is due to high electricity costs and a drop in demand for finished products

Photo – Romania’s Liberty Galati is shutting down its blast furnace for maintenance until 2023
Romania’s Liberty Galati is shutting down its blast furnace for maintenance until 2023

Investments in unit maintenance are planned at the level of $3.9 million

Photo – Steel prices in China will be pressured by weak demand until the end of 2022
Steel prices in China will be pressured by weak demand until the end of 2022

Quotations of steel products are likely to fall by the end of the year despite the government's efforts to support the industry

Photo – Turkiye reduced steel production by 17.8% y/y in October 2022
Turkiye reduced steel production by 17.8% y/y in October 2022

Steel production fell by 10.1% year-on-year in 10 months

Photo – The UK’s trade unions are calling on the government to support the steel industry
The UK’s trade unions are calling on the government to support the steel industry

The UK's industry will not be able to compete if it pays twice as much as the EU for electricity

Photo – Turkish steelmakers fear India’s entry into the local steel market
Turkish steelmakers fear India’s entry into the local steel market

The abolition of the export duty on steel in India may increase the import of cheaper products to the domestic market of Turkiye

1 101 102 103 104 105 124