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steel production - Latest news GMK Center

Photo – China’s steel market in 2024: export growth and domestic consumption decline
China’s steel market in 2024: export growth and domestic consumption decline

Last year, steel production fell by 1.7% to a 5-year low. Exports reached a historic high

Photo – Chinese steelmakers to cut production amid falling demand
Chinese steelmakers to cut production amid falling demand

Steel consumption in the country may decrease significantly by 2030

Photo – China reduced steel production by 1.7% y/y in 2024
China reduced steel production by 1.7% y/y in 2024

Production amounted to 1.005 billion tons, which is the lowest level in the last five years

Photo – Huta Częstochowa’s assets are estimated at PLN 227 million
Huta Częstochowa’s assets are estimated at PLN 227 million

The Commercial Court in Częstochowa may announce the auction as early as this week

Photo – Ukrainian steel industry peaked in 2024: what’s next?
Ukrainian steel industry peaked in 2024: what’s next?

Pig iron production reached 7.09 million tons, steel – 7.57 million tons, rolled products – 6.22 million tons

Photo – India’s SAIL and JCIL to invest $692 million in electrical steel production
India’s SAIL and JCIL to invest $692 million in electrical steel production

The plant is planned to be commissioned in 2027-2029

Photo – British Steel confirms restart of blast furnace in Scunthorpe
British Steel confirms restart of blast furnace in Scunthorpe

The company continues discussions with the government on its decarbonization plan

Photo – Poland’s Huta Częstochowa to resume production on January 20
Poland’s Huta Częstochowa to resume production on January 20

On January 10, a trial steel smelting was conducted at the enterprise

Photo – Ukrainian steelmakers produced 7.6 million tons of steel in 2024
Ukrainian steelmakers produced 7.6 million tons of steel in 2024

Production increased by 21.6% y/y, but still significantly lower than pre-war indicators

Photo – British government launches a review of the country’s steel capacity
British government launches a review of the country’s steel capacity

This was one of the first steps of the newly created Steel Industry Council

Photo – Qarmet exceeded production targets for all key products in 2024
Qarmet exceeded production targets for all key products in 2024

This year, the company plans to produce 3.7 million tons of steel

Photo – Zaporizhstal increased rolled steel production by 18.3% y/y in 2024
Zaporizhstal increased rolled steel production by 18.3% y/y in 2024

Steel production increased by 17.2% m/m, and pig iron – by 14.3% m/m

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