steel production - Latest news GMK Center

In January-July, production volumes increased by 6.6% year-on-year

In July, steel production in the country grew by 12.9% y/y

The company is negotiating potential investments in Asia, Africa, and the Middle East

Authorities to restrict outdated capacities and introduce categorized management

Pig iron production rose by 11.9% m/m

Steel production in 70 producing countries amounted to 150.1 million tons for the month

The indicator has been declining for seven consecutive months in annual comparison

Based on the results for the period, an outcome of 20.62 million t is expected

Key influencing factors include geopolitics, tariffs, and logistics

External sales of the company decreased by 11% year-on-year

Structural challenges, high energy costs, and shifting global trade flows are reshaping local steel sector

Pig iron production amounted to 4.36 million tons, and steel production – 4.27 million tons