steel production - Latest news GMK Center

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

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

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

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

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

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

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

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

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

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

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

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