steel production - Latest news GMK Center

Revenue from sales of the company's products for January-March increased by 19%

Demand was negatively affected by the previously introduced export duty; inventories are overloaded

In May, steel consumption in the country decreased by 14%, while daily production increased during the month by 1-3%

In May, the production of long products fell by 9.4% to 1.1 million tons, flat products – by 14.8%, to 871 thousand tons

After the imposition of Western sanctions, Russia shifted all exports to Asian markets, reducing demand for Iranian steel

In January-May, German steelmakers reduced steel production by 4.8%

Ukraine dropped to 18th place in the world ranking of steel producers, reducing production by more than half

Overall, steel production fell by 8.7% in January-May due to coronavirus restrictions

The company's revenue for the year, on the contrary, grew by 30.9%

In general, steel production in the country may fall by 15%

Construction can take 3+ years, depending on the final design

Last year, the company produced 11.48 million tons of steel, rising three points in the WorldSteel rankings