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steel production - Latest news GMK Center

Photo – France increased steel production by 7.6% y/y in 2024
France increased steel production by 7.6% y/y in 2024

During the year, French steelmakers produced 10.75 million tons of steel

Photo – India’s JSW Steel increased steel production by 2% y/y in October-December
India’s JSW Steel increased steel production by 2% y/y in October-December

However, the company reported a decline in profit for the period amid lower prices and weak demand

Photo – Turkey increased steel production by 9.4% y/y in 2024
Turkey increased steel production by 9.4% y/y in 2024

Pig iron production increased by 17.2% year-on-year

Photo – Global steel production fell by 0.9% y/y in 2024
Global steel production fell by 0.9% y/y in 2024

Steel production in 71 countries amounted to 1.839 billion tons for the year

Photo – Shareholder consortium raises offer for Salzgitter to €1.1 billion
Shareholder consortium raises offer for Salzgitter to €1.1 billion

Lower Saxony government and workers' representatives oppose the takeover

Photo – Voestalpine calls for easier conditions for industrial production in Austria
Voestalpine calls for easier conditions for industrial production in Austria

The company's CEO advocates for lower taxes, lower energy costs and simplified bureaucracy

Photo – Germany increased steel production by 5.2% y/y in 2024
Germany increased steel production by 5.2% y/y in 2024

Production amounted to 37.23 million tons

Photo – High electricity prices forced German GMH Group to halt production
High electricity prices forced German GMH Group to halt production

Electricity prices jumped to €400/MWh, affecting the company's operations on Monday

Photo – Kazakhstan increased steel production by 9.5% y/y in 2024
Kazakhstan increased steel production by 9.5% y/y in 2024

Production of flat rolled products increased by 18.2% y/y

Photo – Italy reduced steel production by 5% y/y in 2024
Italy reduced steel production by 5% y/y in 2024

During the year, Italian steelmakers produced 20 million tons of steel

Photo – Emissions in China’s steel industry increased by 4.1% y/y in 2024
Emissions in China’s steel industry increased by 4.1% y/y in 2024

Increased liquidity of BF capacities compared to EAFs increased emissions in the industry despite a decline in annual steel production

Photo – Polish Huta Częstochowa plans to produce 20 thousand tons of steel in February
Polish Huta Częstochowa plans to produce 20 thousand tons of steel in February

After more than a year of downtime, the company is gradually restoring capacity

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