steel production - Latest news GMK Center

Import volumes increased by 0.5% y/y

The production of rolled products fell by 9.1% m/m, and the production of flat products fell by 16.8% m/m

The group is considering the acquisition of new capacities for the production of green steel outside the country

In January-July, French steelmakers increased steel output by 3.9% y/y

During January-July, Spanish steelmakers increased steel output by 4.7% y/y

This decision will contribute to the achievement of the target of zero emissions, as well as accelerate investments

There remains a significant gap between the cost of electricity for British steelmakers and their European competitors

The production of pig iron for the month increased by 2.4% y/y, and rolled steel – by 2.5% y/y

Steel production in the 71st country for the month amounted to 152.8 million tons

By the end of 2030, the company plans to reduce CO2 emissions by 55% compared to 1990

Limiting factors – military threats, shortages of electricity and personnel, as well as negative decisions of government agencies

The steel producer will cooperate with the state oil company Sonangol