icon

steel production - Latest news GMK Center

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

Photo – Chinese steelmakers discuss compensation for closing outdated facilities
Chinese steelmakers discuss compensation for closing outdated facilities

Consultations on this issue started at the beginning of the year

Photo – Steel and Metals Action Plan requires immediate implementation – EUROFER
Steel and Metals Action Plan requires immediate implementation – EUROFER

European steelmakers say energy prices remain a problem

Photo – The US remained ArcelorMittal’s largest market in 2024
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

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

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

Photo – Hyundai Steel steps up cost-saving measures amid US tariffs and competition
Hyundai Steel steps up cost-saving measures amid US tariffs and competition

The company has cut executive salaries and is considering a voluntary resignation program for employees

Photo – ArcelorMittal Europe increased steel production by 8.3% y/y in 2024
ArcelorMittal Europe increased steel production by 8.3% y/y in 2024

Production in blast furnaces increased by 10.8% y/y, while electric arc furnaces decreased by 1.8% y/y

Photo – Turkey’s Kardemir reduced sales by 4.4% y/y in 2024
Turkey’s Kardemir reduced sales by 4.4% y/y in 2024

Steel production in the period increased by 4.8% compared to 2023

Photo – Huta Częstochowa will become the property of the Ministry of National Defense of Poland
Huta Częstochowa will become the property of the Ministry of National Defense of Poland

It is expected that operational management will be transferred to Węglokoks, which already leases the plant

Photo – SSAB to install electric arc furnace at Uxelsund plant by 2026
SSAB to install electric arc furnace at Uxelsund plant by 2026

The unit will replace the existing blast furnaces and accelerate the company's green transition

Photo – Ukraine increased rolled steel production by 6.6% y/y in February
Ukraine increased rolled steel production by 6.6% y/y in February

Pig iron output grew by 9.8% y/y and steel output by 7.5% y/y

1 30 31 32 33 34 124