steel production - Latest news GMK Center

The consumption of steel products in the EU will fall by 3.5% in 2022

The steel sector will need almost $244 million a year for compensation

Iron ore production decreased by 7.7% y/y in 9 months

Pig iron production in October 2022 increased by 12.6% m/m, while steel production fell by 6.4% m/m

The billet for the production of a new type of product was produced by the Kametstal Iron and Steel Works

Restrictions will apply in 71 countries, or every third country in the world, after the adoption of appropriate measures in the EU and Mexico

Amid correction in energy prices and weak demand, steel prices are forecast to decline during November

In 9 months, the company increased its net revenue by 2.07 times y/y – up to 19.11 billion Swedish crowns ($1.71 billion)

In October 2022, the import of iron ore decreased by 3.7% year-on-year and by 4.75% compared to the previous month

The plant's planned capacity will be about 3 million tons of pellets per year

In January-September 2022, Spanish steelmakers produced 9 million tons of steel

In April-September 2022, the company reduced steel production by 15.8% y/y