steel production

Product exports grew by 5.5% y/y

In January-July, Italian metallurgists reduced their steel output by 4.8% y/y

The aggregate profit of large and medium-sized enterprises in China during this period decreased by 15.5% y/y

In January-July, the country's metallurgists reduced steel production by 20.8% y/y

In January-July, Belgian metallurgists reduced steel production by 8.8% y/y

Previously, it was planned to levy a carbon tax from 2024, but due to a difficult decision in 2023, it was postponed for a year

Imports of rolled products in the USA fell by 8.1% m/m over the month

This led to a sharp appreciation of the lira against other currencies, and domestic steel trading stopped

According to the results of January-July, the country's metallurgists reduced steel production by 3.4% y/y

In July, Spanish metallurgists reduced their steel output by 4.3% m/m and 4.1% y/y

On a monthly basis, the production indicator increased by 1.1%

Negotiations are currently underway with the Russian metallurgical company Severstal