steel production - Latest news GMK Center

In the near future, the company will focus on restructuring its business

Production of long products fell by 7.7% m/m, while production of flat products fell by 9.2% m/m

New projects will require more substantial cuts elsewhere

The country's pig iron production fell by 3.1% y/y

During the reporting period, Kardemir reported a net profit of $540,000, compared with a loss last year

The unexpected shutdown of Zaporizhstal's production facilities was a factor in the April decline

On April 23, the Nova Željezara Zenica steelworks completed the shutdown of its integrated production process

New investors may submit better offers; negotiations are ongoing

At the same time, production of finished rolled steel rose by 8% in January–March

Imports of steel products rose by 38.2% over the month amid calls from the industry for the introduction of protective measures

The company's net profit for the same period fell by 8.6% y/y

Steel production during this period increased by 5.5% y/y, while sales volumes declined slightly