steel production - Latest news GMK Center

Asian order book weakening and competitive prices from Chinese traders disrupted Indian exports

The war, problems with logistics and raw materials deliveries are strongly affect the steel production too

Investments in various initiatives to reduce emissions will amount to more than $1 billion

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%