steel production - Latest news GMK Center

Production of pig iron for the month increased by 4.4% y/y, and rolled steel – by 6.7% y/y

The production of rolled products fell by 8.3% m/m during the month, and the production of flat products increased by 0.5% m/m

Brussels positively assessed the terms of the loan

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

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

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

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

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

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

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

The market expects further steps on economic stimulation

The enterprise specializes in the production of square billets and rebar