steel production - Latest news GMK Center

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

4.7 million tons of rolled steel exports are expected at the same period

They have not managed to reorient supplies from Europe to Asia

Sanctions imposed since early 2022, taxes and a "strong" ruble make export profitability zero or negative

Scrap is still the most important material for reducing emissions in steel industry

The country downed to 36th place in the global ranking of steelmakers

At the same time, Chinese steelmakers reduced steel production by 10.3% in January-April

High energy prices and tenses in the natural gas market are forcing steelmakers to reduce production

Steel production in the country continues to grow, while demand has declined due to the coronavirus outbreak

Voluntary exclusion of Russian products from the supply chain of companies can be more significant than country-level sanctions