steel production

Plants are scrambling to avoid losses amid weak demand and rising costs

In two months, Chinese steelmakers shipped 15.9 million tons of metal products abroad

In 2024, steel production may exceed 40.4 million tons

The industry was supported by the CHIPS Act and the infrastructure and inflation reduction laws

The company plans to reduce emissions by 55% by 2030. Investments in green projects are estimated at more than $1.7 billion

The main part of the import fell on flat rolled products – 3.33 million tons

Seven government agencies made such a proposal

Recovery of the sector is possible in 2024-2025

The export of steel products for the year amounted to 2.03 million tons

During the month, Polish steelmakers produced 590,000 tons of steel

In one month, Austrian steelmakers produced 623,000 tons of steel

Production of pig iron for the month increased by 4.7% y/y, and rolled steel – by 6.2% y/y