steel production - Latest news GMK Center

The project to be completed by the end of 2025

Total production in the CIS countries and Ukraine decreased by 22.4% y/y for the month

Indian government approved the sale of 100% state-owned RINL's shares

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