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steel production - Latest news GMK Center

Photo – Ukraine is in top five in terms of the carbon capacity of blast furnace production – JRC
Ukraine is in top five in terms of the carbon capacity of blast furnace production – JRC

Carbon emissions at this stage of Ukrainian manufacturers amount to 0.46 t/t

Photo – ArcelorMittal moves German plant to part-time work
ArcelorMittal moves German plant to part-time work

Even earlier, the blast furnace was stopped at the enterprise

Photo – China Baowu Steel acquired 51% shares of major steelproducer XinSteel
China Baowu Steel acquired 51% shares of major steelproducer XinSteel

The deal amounted to 4.26 billion yuan ($630 million)

Photo – Steel plants continue to stop production all over the world
Steel plants continue to stop production all over the world

Declining steel production is a new global trend

Photo – China intends to increase scrap processing capacity to 180 million tons by 2025
China intends to increase scrap processing capacity to 180 million tons by 2025

Against the backdrop of the development of electric steelmaking in the country, scrap processing capacities will increase by 30 million tons

Photo – Business expectations of Chinese steelmakers updated a historical low in July
Business expectations of Chinese steelmakers updated a historical low in July

The Purchasing Managers' Index expectations in the steel industry in China in July fell by another 3.2 percentage points.

Photo – The Ministry of Strategic Industries has started a study of steel smelting and scrap supply balance
The Ministry of Strategic Industries has started a study of steel smelting and scrap supply balance

As a result, it is planned to prepare possible relaxations regarding the export of raw materials and the disposal of military equipment

Photo – Acciaierie d’Italia stopped the work of two blast furnaces
Acciaierie d’Italia stopped the work of two blast furnaces

The plant with a capacity of 4 million tons of steel per year left only one blast furnace in operation due to weak demand and high production costs

Photo – EU decreased steel production by 6.8% y/y in May 2022
EU decreased steel production by 6.8% y/y in May 2022

Nine European plants fully or partially suspended steel production

Photo – German ThyssenKrupp may stop production in case of gas shortage – Argus
German ThyssenKrupp may stop production in case of gas shortage – Argus

German authorities plan to give priority in the supply of natural gas to the population, not to industrial consumers

Photo – Baowu Group produced 61.5 million tons of steel in the first half of the year
Baowu Group produced 61.5 million tons of steel in the first half of the year

During the same period, the company's operating revenue amounted to $73.6 billion.

Photo – Kametstal released more than 30 thousand tons of production for the domestic market in July
Kametstal released more than 30 thousand tons of production for the domestic market in July

The rolling shop of the plant produced almost 8 thousand tons of rebar, more than 20 thousand tons of wire rod and 1.5 thousand tons of round steel

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