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steel production - Latest news GMK Center

Photo – India reduced steel exports by 42% in May
India reduced steel exports by 42% in May

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

Photo – The end of hopes: steel production in Ukraine to fall because of low prices
The end of hopes: steel production in Ukraine to fall because of low prices

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

Photo – By 2030, JSW Steel plans to reduce carbon emissions by 42%
By 2030, JSW Steel plans to reduce carbon emissions by 42%

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

Photo – Interpipe increased its profit by 70% in Q1 2022
Interpipe increased its profit by 70% in Q1 2022

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

Photo – Indian steelmakers plan to reduce production in July due to low demand
Indian steelmakers plan to reduce production in July due to low demand

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

Photo – With episodic lockdowns, demand for steel in China is falling
With episodic lockdowns, demand for steel in China is falling

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

Photo – Italy in January-May reduced steel production by 1.9%
Italy in January-May reduced steel production by 1.9%

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

Photo – Iranian steelmakers accuse Russia of significantly reducing local production
Iranian steelmakers accuse Russia of significantly reducing local production

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

Photo – Germany reduced steel production by 11.5% in May
Germany reduced steel production by 11.5% in May

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

Photo – Ukrainian steelmakers produced 4.2 million tons of steel in January-May
Ukrainian steelmakers produced 4.2 million tons of steel in January-May

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

Photo – In May, China increased steel production to its record level in 12 months
In May, China increased steel production to its record level in 12 months

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

Photo – Interpipe reduced its net profit by 53% in 2021
Interpipe reduced its net profit by 53% in 2021

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

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