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steel production - Latest news GMK Center

Photo – Italian distributors consider low steel demand possible in 2023
Italian distributors consider low steel demand possible in 2023

The main concern is the fall in prices in January

Photo – US Steel notes the drop in demand for steel in Europe due to the war in Ukraine
US Steel notes the drop in demand for steel in Europe due to the war in Ukraine

In the third quarter, the European company US Steel Kosice reduced steel production by 26% y/y

Photo – BMZ reoriented the export of steel products to alternative markets
BMZ reoriented the export of steel products to alternative markets

European sanctions forced the company to increase exports to the markets of the Russian Federation, Africa, CIS countries and Southeast Asia

Photo – Serhiy Bilenky: «Iron and steel industry is doing everything to preserve production and collectives»
Serhiy Bilenky: «Iron and steel industry is doing everything to preserve production and collectives»

The head of the Ukrainian Federation of Steelmakers – about the socio-economic situation at the enterprises of the industry

Photo – Turkish steelmakers predict an increase in exports to the Baltics
Turkish steelmakers predict an increase in exports to the Baltics

Previously, Turkiye almost did not export steel to Estonia and Latvia, but the Russian-Ukrainian war has created new opportunities

Photo – Global output of stainless steel fell by 3.5% in the first half of 2022
Global output of stainless steel fell by 3.5% in the first half of 2022

Production declined in major regions except Asia (excluding China and South Korea) and selected countries

Photo – The USA increased steel imports by 4.4% y/y in January-September 2022
The USA increased steel imports by 4.4% y/y in January-September 2022

The import of finished steel products to the USA for the 9 months of 2022 increased by 22.5% year-on-year

Photo – SSAB to shut down one blast furnace at Finnish Raahe plant in November
SSAB to shut down one blast furnace at Finnish Raahe plant in November

The decision to reduce production from November 2022 was made amid a slowdown in steel demand in Europe

Photo – Ukraine ranked 23rd in the world in terms of steel production for 9 months of 2022
Ukraine ranked 23rd in the world in terms of steel production for 9 months of 2022

In the world ranking of iron-producing countries, Ukraine was in 14th place

Photo – Emirates Steel received 15% duty relief for Saudi Arabian market
Emirates Steel received 15% duty relief for Saudi Arabian market

ESA became the first company to be exempted from duty on steel sales in the UK

Photo – Turkish steelmakers expect an increase in steel exports to the EU from 2023
Turkish steelmakers expect an increase in steel exports to the EU from 2023

As a result of the energy crisis in Europe, the production and supply of steel is reduced, which can positively affect imports from Turkiye

Photo – ANNOUNCEMENT: Fastmarkets Middle East Iron & Steel Conference 2022
ANNOUNCEMENT: Fastmarkets Middle East Iron & Steel Conference 2022

Overview of steel production in the Middle East, analysis of raw material markets, sustainable development and factors of steel consumption in the region

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