steel production - Latest news GMK Center

Competitiveness of Turkish steel sector under threat due to high production costs and low demand for products

In January-September, steel production in the country fell by 9.3% year-on-year

Survival in the market of metal structures depends on the ability to reorient to the products in demand

The main concern is the fall in prices in January

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

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

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

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

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

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

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

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