steel production

TCUD expects Turkish steel output to fall by 10% in 2022

Over the last three months of 2022, the capacity utilization rate has dropped to 60%
French Aperam applies energy surcharges to its contracts

Starting from October 2022, the company increased the product cost surcharges to €639/t compared to €480/t a month earlier

Steel imports from Russia negatively affected prices in China

In September 2022, China imported 895,000 tons of steel

Turkish steel producer İçdaş invests $977 million in capacity expansion

This project has already been approved by the Ministry of Environment and Urbanization of Turkiye

German steelmakers expect steel prices to fall in October 2022

Producers will reduce product prices amid falling electricity costs

India’s rolled products exports fell by 54% y/y in the first half of FY2022/2023

Steel production in India in April-September 2022 increased by 7% year-on-year
HRC prices in Europe fell due to weak demand

Activity in the European HRC market remains low

The Indian Government has set up advisory committees to deal with the problems of steel industry

Due to this, it is planned to reduce problems in the industry and accelerate the achievement of the goal of 300 million tons of capacity by 2030

Kametstal produced 3.3 thousand axles for railcars and locomotives

This is the second batch produced at the plant since the beginning of the war by order of domestic consumers
Türkiye cut steel production by 21% y/y in August 2022

In January-August 2022, steel production by Turkish steelmakers decreased by 8.8% year-on-year

India will bet on decarbonisation of steel production

The long-term goal is to reduce carbon emissions by 50% by 2047

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