steel production

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Taiwan delays introduction of carbon tax until 2025

Previously, it was planned to levy a carbon tax from 2024, but due to a difficult decision in 2023, it was postponed for a year

ArcelorMittal USA
USA reduced steel imports by 15.2% m/m in July

Imports of rolled products in the USA fell by 8.1% m/m over the month

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The Turkish Central Bank has sharply raised lending rates to 25%

This led to a sharp appreciation of the lira against other currencies, and domestic steel trading stopped

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Austrian steel enterprises produced 654 thousand tons of steel in July

According to the results of January-July, the country's metallurgists reduced steel production by 3.4% y/y

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Spain reduced steel production by 9.3% y/y in January-July

In July, Spanish metallurgists reduced their steel output by 4.3% m/m and 4.1% y/y

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France reduced steel production by 23.2% y/y In July

On a monthly basis, the production indicator increased by 1.1%

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Kazakhstan considers sale of ArcelorMittal Temirtau to Russian investors

Negotiations are currently underway with the Russian metallurgical company Severstal

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Türkiye increased steel production by 6.4% y/y in July

Turkish metallurgists produced 2.89 million tons of steel in a month

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Global steel production increased by 6.6% y/y in July

Total production in the CIS countries + Ukraine grew by 9.3% y/y over the month

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Germany reduced steel production by 4.6% y/y in January-July

Pig iron production in the country increased by 0.1% y/y in the period

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Curtailing steel production could reduce China’s scrap consumption

This trend will affect the eastern and central regions of the country the most

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Kazakhstan increased steel production by 10.5% y/y in July

Compared to June, steel production fell by 6.1%

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