steel production - Latest news GMK Center

The indicators were affected by the Chinese government's desire for decarbonization, lockdowns and problems in the real estate sector

Due to the increase in energy costs, local producers are forced to raise the prices of their products

Also, the rise in energy prices and the war in Ukraine put the ambitious green transition of European steelmakers on pause

In September, the company plans to reduce production by a third, and in the fourth quarter – by 40%

The partial shutdown of the corporation's blast furnaces in Europe will not hinder the expansion of production at its Chinese VAMA plant

In November and December, the company will stop production at the plants in Fosse-sur-Mer and Agondanges

The fire at the Pohang Iron and Steel Co. plant caused by a typhoon led to gas leak

In August 2022, the iron ore import decreased by 1.3% y/y and increased by 5.4% compared to the previous month

The size of the surcharge to the product price can amount to €200-300 per ton of rolled steel

Steel exports for the month decreased by 23% y/y

Two other BFs were stopped earlier due to rising energy costs

President of Ukrmetalurgprom – about the current situation in the industry and its prospects