steel production
ArcelorMittal has no plans to stop production in Luxembourg

The plant has enough orders to continue its activities, the CEO of ArcelorMittal Luxembourg claims

Business Standard
Japan’s JFE Steel and India’s JSW are planning a joint venture

The second largest steel company in Japan is looking to expand its presence in the Indian market
Steel production in China’s seven leading provinces fell by 6% y/y in January-July 2022

The indicators were affected by the Chinese government's desire for decarbonization, lockdowns and problems in the real estate sector

European demand for imported steel increased against the backdrop of high domestic prices

Due to the increase in energy costs, local producers are forced to raise the prices of their products

The European energy crisis created new opportunities for Asian steel producers

Also, the rise in energy prices and the war in Ukraine put the ambitious green transition of European steelmakers on pause

Slovenia’s SIJ Group will reduce production by the end of 2022

In September, the company plans to reduce production by a third, and in the fourth quarter – by 40%

ArcelorMittal’s problems in Europe will not affect the company’s activities in China

The partial shutdown of the corporation's blast furnaces in Europe will not hinder the expansion of production at its Chinese VAMA plant
Ascometal Swiss Steel announced the shutdown of two French steel plants

In November and December, the company will stop production at the plants in Fosse-sur-Mer and Agondanges

POSCO shut down a plant in South Korea due to a fire

The fire at the Pohang Iron and Steel Co. plant caused by a typhoon led to gas leak

China reduced iron ore imports by 3.1% y/y in January-August 2022

In August 2022, the iron ore import decreased by 1.3% y/y and increased by 5.4% compared to the previous month
Italian steelmakers to introduce a surcharge on electricity

The size of the surcharge to the product price can amount to €200-300 per ton of rolled steel
Turkey cut steel production by 21% y/y in July 2022

Steel exports for the month decreased by 23% y/y

1 38 39 40 41 42 51