steel production

Steel production at the plant in the US increased by 96% y/y

Shipments decreased by 9.6% year-on-year

This is explained by the high cost of production amid low prices for finished products

The production of rolled products increased by 33.6% m/m, the production of pig iron – by 10.7% m/m

Strong production and weak demand remain in the country

Compared to June 2023, exports increased by 3%

In annual terms, production remained stable

Since the beginning of the year, the actual consumption of conventional fuel has been reduced by more than 15 kg per ton of pig iron

Production of coke for the month amounted to 30.4 thousand tons

Countries are recommended to define standards for low-carbon steel and rules for scrap collection

The index of production in the steel industry increased by 2.6 percentage points during the month

In June, Belgian steelmakers reduced steel production by 6.6% y/y