steel production

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Uzbek steel plant to launch a new line for the production of hot-rolled steel in 2024

The implementation of the project will allow Uzbekistan to become self-sufficient in the production of hot-rolled coil

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China’s Tangshan calls on steel mills to cut production in July

The requirement is related to measures to improve air quality

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Spain’s steel industry is affected by high energy costs – Unesid

Spanish steel producers also need increased government support

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POSCO to invest $92 billion in environmental projects by 2030

More than 60% of the budget or $56 billion will be invested in domestic enterprises, mainly in Pohang and Kwangyang

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China’s blast-furnace capacity utilization reaches yearly high

During June, the indicator grew steadily, reaching 91.98% by the end of the month

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The profits of China’s steel industry fell by 20% y/y in May

Negative indicators of Chinese steelmakers prompt them to reduce production volumes, which will reduce export opportunities and pressure on world markets

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ArcelorMittal plans to restart blast furnace A at the Gijon plant in July

The unit was stopped on March 22, 2023, when a fire broke out during routine maintenance of the blast furnace

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Salzgitter declared a force majeure for steel supplies due to weather conditions

After heavy rains and floods in Germany, the company warned of production cuts and delivery delays

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Austria reduced steel production by 5.2% y/y in January-May

In May, Austrian steel companies reduced steel production by 1% y/y, but increased it by 1.4% m/m

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World steel industry needs global standards for green steel – SDI

The lack of common standards reduces the benefits for manufacturers of such products

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Belgium increased steel production by 14% m/m in May

In January-May, Belgian steelmakers reduced steel production by 10.9% y/y

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