steel production

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Czech Republic reduced steel exports to a 14-year low in the first half of 2023

Imports of steel products also fell sharply over 6 months – by more than 500 thousand tons

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Acciaierie d’Italia needs to restore liquidity

The Taranto iron and steel plant must restore a minimum level of normal operation

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Belgium reduced steel production by 23.5% m/m in August

In January-August, Belgian steelmakers reduced steel production by 9.5% y/y

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Austria reduced steel production by 33% m/m in August

In January-August, the country's steelmakers reduced steel production by 6.7% y/y

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Thyssenkrupp is in talks to sell part of its business to a Czech billionaire

The agreement is expected to include the sale of 50% of the steel division to Daniel Kretynskyi

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OECD is concerned about the deterioration of conditions on the global steel market

Overcapacity in the future could have a significant impact on the industry

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Spain cut scrap consumption to a six-month low in July

During the month, Spanish steelmakers consumed 587,000 tons of scrap

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The situation at the Acciaierie d’Italia remains difficult

ADI President calls for company survival to be guaranteed, unions point out industrial plan is not being implemented

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France reduced steel production by 8.6% y/y in August

Compared to the previous month, the indicator remained unchanged

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European rolled steel producers may reduce production in the fourth quarter

Thus, EU steelmakers will try to balance supply and demand

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Brazil’s steelmakers will invest $12.5 billion in the industry over the next four years

The industry is showing confidence despite adverse conditions

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Poland increased steel production by 26.4% m/m in August

In January-August, the country's steelmakers reduced steel production by 20.3% y/y

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