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steel production - Latest news GMK Center

Photo – Egypt strengthens steel industry with two large-scale investment projects
Egypt strengthens steel industry with two large-scale investment projects

Suez Steel and China's Xinfeng launch new production facilities to develop Egypt's steel sector

Photo – US Steel reduced steel shipments by 1.1% y/y in Q1
US Steel reduced steel shipments by 1.1% y/y in Q1

European segment shipped 856 thousand short tons of steel in January-March

Photo – Cleveland-Cliffs shuts down three plants in the US
Cleveland-Cliffs shuts down three plants in the US

The shutdown threatens to lose about 950 jobs

Photo – Belgium increased steel production by 6.2% y/y in Q1
Belgium increased steel production by 6.2% y/y in Q1

In March, the country's steelmakers increased steel production by 3.4% m/m and 6.8% y/y

Photo – Huta Częstochowa has a chance to become profitable – Weglokoks
Huta Częstochowa has a chance to become profitable – Weglokoks

Currently, the company has increased the number of orders

Photo – ArcelorMittal produced 14.8 million tons of steel in the first quarter
ArcelorMittal produced 14.8 million tons of steel in the first quarter

Iron ore production for the period amounted to 11.8 million tons

Photo – Spain increased steel production by 10.9% y/y in March
Spain increased steel production by 10.9% y/y in March

Spanish steelmakers increased steel production by 8.1% y/y in Q1

Photo – Liberty Galati postpones restart of blast furnace No. 5
Liberty Galati postpones restart of blast furnace No. 5

The newly announced deadline is May 9, but it may not be met

Photo – ArcelorMittal Kryvyi Rih is set to break even – CEO
ArcelorMittal Kryvyi Rih is set to break even – CEO

The company is striving to increase production volumes; two blast furnaces have been operating since the end of March

Photo – Baosteel plans to produce 52.6 million tons of steel in 2025
Baosteel plans to produce 52.6 million tons of steel in 2025

The company expects a nationwide decline in steel production this year

Photo – France increased steel production by 10.4% y/y in March
France increased steel production by 10.4% y/y in March

During the first quarter, French steelmakers increased their output by 2.1% y/y

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