steel production
China’s steel processing plants are ordered to cut production

A large state-owned factory in Shandong province received a verbal order
Liberty Steel to stop production at Dunaferr for three months

The work of the coke-chemical division will be reduced to a minimum
Indian JSW Steel increased steel production by 10% y/y in July

Steel production at the plant in the US increased by 96% y/y
Brazil’s Gerdau in 2Q reduced steel supply by 1.5% q/q

Shipments decreased by 9.6% year-on-year
Liberty Steel is decommissioning the only operating blast furnace on Dunafer – Argus

This is explained by the high cost of production amid low prices for finished products
Ukrainian steelmakers increased steel production by 37.5% m/m in July

The production of rolled products increased by 33.6% m/m, the production of pig iron – by 10.7% m/m
China’s steel market remains under pressure due to stockpiles

Strong production and weak demand remain in the country
India increased rolled products export by 35% y/y in July

Compared to June 2023, exports increased by 3%
Nippon Steel increased steel production by 1% q/q in Q1 FY2023/2024

In annual terms, production remained stable
Kametstal implements projects aimed at reducing fuel consumption in pig iron production

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
DMZ produced 13.6 thousand tons of rolled steel in July

Production of coke for the month amounted to 30.4 thousand tons
Steel industry decarbonization will require cooperation through the G20

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

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