steel production - Latest news GMK Center

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

The company declares that there is significant support from the creditor, and the prerequisites for obtaining a loan at the level of €100 million

In July, the country reduced steel production by 9% year-on-year

The main problems are falling steel prices and low demand in the domestic market

Product sales during this period decreased by 10.2% y/y

Production of coal concentrate fell by 8% q/q, and coke – by 1% q/q

The Modern Steel Act provides for the construction of new steel mills in deindustrialized cities

Steel production for the month amounted to 708.9 thousand tons, and pig iron – 621.4 thousand tons

Aggressive Chinese exports are affecting global steel exports

After completing the modernization of the blast furnace in Linz, the company will stop the furnace in Donawitz for repairs