steel production

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Turkey reduced steel production by 8.7% m/m in February

Pig iron production fell by 6.2% m/m over the month

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Global steel production in February decreased by 3.4% y/y

Steel production in 69 producing countries amounted to 144.7 million tons in the month

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A number of Chinese steelmakers have started to cut production

This comes amid the government's announcement of the following steps

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Italy increased steel production by 5.9% m/m in February

In January-February, the indicator grew by 1.2% y/

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Germany reduced steel production by 13.5% y/y in February

Since the beginning of the year, the indicator has decreased by 13.1% y/y

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Emissions in China’s steel industry increased by 3.3% y/y in February

Energy consumption in the industry decreased by 3.1% y/y during the month

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Italy to start negotiations on the sale of Acciaierie d’Italia with Azerbaijani consortium

Emergency Commissioners sent a request to the government to start negotiations

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Chinese steelmakers discuss compensation for closing outdated facilities

Consultations on this issue started at the beginning of the year

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Steel and Metals Action Plan requires immediate implementation – EUROFER

European steelmakers say energy prices remain a problem

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The US remained ArcelorMittal’s largest market in 2024

Sales to the US fell by 5% y/y. Poland moved up to fourth place, while Italy and the UK showed growth

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China reduced steel production by 1.5% y/y in January-February

The indicator declined despite an increase in steelmakers' profits and exports of finished products

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An association of electric arc furnace steel producers has been established in China

The new organization is designed to promote the development of green steel industry, improve industry efficiency and reduce emissions

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