steel production - Latest news GMK Center

During the month, the country's steel enterprises produced 387.23 thousand tons of steel

Pig iron production fell by 3.3% y/y, and rolled steel – by 3.4% y/y

Steel production increased by 68% y/y, rolled products – by 66%, pig iron – by 15%, iron ore – by 86%, and coke – by 53%

The production of rolled products increased by 22.2% m/m, and the production of flat products – by 7.1% m/m

Analysts expect a decrease in steel production in China in 2024 by 1.1% y/y

The deterioration of the global industrial and economic outlook will have a negative impact on the production of steel in the world

Recently, company representatives visited ADI facilities in Genoa, Novi Ligure and Taranto

Issues include the cost of energy and the availability of scrap

Steel shipments increased by 10% q/q in 3 months

The increase in the indicator was mainly due to the increase in the export of flat rolled products – by 84.4% y/y

During this period, steel shipments increased by 11.6% q/q

In one month, Austrian steelmakers produced 633,000 tons of steel