steel production

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India increased steel imports from China to a 6-year high in April-May

India's government is considering imposing a countervailing duty on steel imports from China amid a surge in supplies

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Beltrame suspends EU production lines due to high costs

The company's facilities in Italy and France are currently idle. Suspension of bar production expected in Switzerland

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The costs of Italian steelmakers for electricity may increase by 35%

The Italian government is likely to abolish the exemption from electricity transmission and distribution charges for energy-intensive industries

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Uzbek steel plant to launch a new line for the production of hot-rolled steel in 2024

The implementation of the project will allow Uzbekistan to become self-sufficient in the production of hot-rolled coil

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China’s Tangshan calls on steel mills to cut production in July

The requirement is related to measures to improve air quality

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Spain’s steel industry is affected by high energy costs – Unesid

Spanish steel producers also need increased government support

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POSCO to invest $92 billion in environmental projects by 2030

More than 60% of the budget or $56 billion will be invested in domestic enterprises, mainly in Pohang and Kwangyang

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China’s blast-furnace capacity utilization reaches yearly high

During June, the indicator grew steadily, reaching 91.98% by the end of the month

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The profits of China’s steel industry fell by 20% y/y in May

Negative indicators of Chinese steelmakers prompt them to reduce production volumes, which will reduce export opportunities and pressure on world markets

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ArcelorMittal plans to restart blast furnace A at the Gijon plant in July

The unit was stopped on March 22, 2023, when a fire broke out during routine maintenance of the blast furnace

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Salzgitter declared a force majeure for steel supplies due to weather conditions

After heavy rains and floods in Germany, the company warned of production cuts and delivery delays

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