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steel production - Latest news GMK Center

Photo – China reduced steel production by 1.1% y/y in the first half of the year
China reduced steel production by 1.1% y/y in the first half of the year

In June, the country increased steel production by 0.2% year-on-year

Photo – Consumption of steel products in Ukraine increased by 7.7% y/y in the first half of the year
Consumption of steel products in Ukraine increased by 7.7% y/y in the first half of the year

In 6 months, the country's domestic market consumed 1.74 million tons of rolled and semi-finished products

Photo – Global stainless steel production increased by 5.5% y/y in Q1
Global stainless steel production increased by 5.5% y/y in Q1

During the period, stainless steel output increased in most regions except Europe

Photo – India to increase steel production to 152 million tons in FY2024/2025 – forecast
India to increase steel production to 152 million tons in FY2024/2025 – forecast

Demand for iron ore in the country will grow by 9% compared to the previous fiscal year

Photo – Tata Steel increased its steel production by 12.6% y/y in Q2
Tata Steel increased its steel production by 12.6% y/y in Q2

Consolidated steel shipment for April-June increased by 3.9% y/y

Photo – Ukrainian steelmakers in June produced 571 thousand tons of rolled products
Ukrainian steelmakers in June produced 571 thousand tons of rolled products

Steel production for the month amounted to 734.7 thousand tons, and pig iron – 628.6 thousand tons

Photo – Italian Arvedi to supply low-emission steel to Gestamp
Italian Arvedi to supply low-emission steel to Gestamp

The agreement will also allow Gestamp to return to Arvedi scrap from the production of stamped parts

Photo – China’s steelmakers may reduce production in July due to low prices – forecast
China’s steelmakers may reduce production in July due to low prices – forecast

The market expects further steps on economic stimulation

Photo – Turkey’s Tosyali acquires Bastug Metallurgy steel plant
Turkey’s Tosyali acquires Bastug Metallurgy steel plant

The enterprise specializes in the production of square billets and rebar

Photo – Plants with Midrex technology produced 76 million tons of DRI in 2023
Plants with Midrex technology produced 76 million tons of DRI in 2023

About 80% of the world's production of DRI comes from Midrex technology

Photo – Austria produced 650 thousand tons of steel in May
Austria produced 650 thousand tons of steel in May

Production decreased by 3% compared to May 2023, and increased by 2.7% m/m

Photo – Třinecké Železárny produced 2.41 million tons of steel in 2023
Třinecké Železárny produced 2.41 million tons of steel in 2023

The share of the plant in domestic steel production in the Czech Republic for the year reached 71%

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