steel production - Latest news GMK Center

In January-August 2022, steel production decreased by 10% y/y

The Ministry of Finance is proposed to cancel import duties on various steel raw materials

The reason was the refusal of the Austrian Donau Brennstoffkontor GmbH to supply coke

The measures include the modernization of the existing steel production infrastructure and the development of new deposits with high-quality iron ore

India's imports of iron ore and steel are rising amid declining exports, requiring government action to remedy the situation

In early September 2022, the company raised product prices, but the determination quickly weakened due to low demand

High electricity prices and low demand for steel forced the company to shut down two furnaces in Cremona and one in Terni

The company reduced the plant capacity due to the high level of imports and unfavorable conditions in the flat rolled market

The country's steelmakers are called to promote investment and development of foreign steel projects

Steel production must be cut until the market returns to a balance between supply and demand

The company expects to reduce production at its European facilities in the fourth quarter of 2022 by 1.5 million tons per year

The cap will apply directly to the price of electricity produced by non-gas plants