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steel production - Latest news GMK Center

Photo – China’s steel output fell by 4% y/y in January–April
China’s steel output fell by 4% y/y in January–April

The country's pig iron production fell by 3.1% y/y

Photo – Kardemir increased steel production by 2.7% y/y in Q1
Kardemir increased steel production by 2.7% y/y in Q1

During the reporting period, Kardemir reported a net profit of $540,000, compared with a loss last year

Photo – Ukraine saw a 16% m/m decline in rolled steel production in April
Ukraine saw a 16% m/m decline in rolled steel production in April

The unexpected shutdown of Zaporizhstal's production facilities was a factor in the April decline

Photo – The suspension of production at the steel mill in Bosnia and Herzegovina has disrupted supply chains
The suspension of production at the steel mill in Bosnia and Herzegovina has disrupted supply chains

On April 23, the Nova Željezara Zenica steelworks completed the shutdown of its integrated production process

Photo – Italy is keeping the tender for the sale of Acciaierie d’Italia open
Italy is keeping the tender for the sale of Acciaierie d’Italia open

New investors may submit better offers; negotiations are ongoing

Photo – Metinvest cut steel production by 20% in Q1
Metinvest cut steel production by 20% in Q1

At the same time, production of finished rolled steel rose by 8% in January–March

Photo – Turkey increased steel production by 6.4% y/y in March
Turkey increased steel production by 6.4% y/y in March

Imports of steel products rose by 38.2% over the month amid calls from the industry for the introduction of protective measures

Photo – Baosteel produced 13.2 million tons of steel in Q1
Baosteel produced 13.2 million tons of steel in Q1

The company's net profit for the same period fell by 8.6% y/y

Photo – Gerdau increased its net profit by 32% y/y in Q1
Gerdau increased its net profit by 32% y/y in Q1

Steel production during this period increased by 5.5% y/y, while sales volumes declined slightly

Photo – Acciaierie d’Italia has secured a €149 million loan
Acciaierie d’Italia has secured a €149 million loan

The administrators cited the liquidity crisis as the reason for the loan

Photo – India has the potential to significantly increase its steel production capacity, – an expert
India has the potential to significantly increase its steel production capacity, – an expert

The future of the industry will be shaped by growing demand and value-added products

Photo – Nucor increased shipments of steel products by 9% y/y in Q1
Nucor increased shipments of steel products by 9% y/y in Q1

Compared to the previous quarter, the figure rose by 19%

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