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steel production - Latest news GMK Center

Photo – Tata Steel India reaches record steel production in FY2023-2024
Tata Steel India reaches record steel production in FY2023-2024

Over the past fiscal year, the division increased steel production by 4% y/y – up to 20.8 million tons

Photo – Spanish Acerinox considers shutting down plants due to strikes
Spanish Acerinox considers shutting down plants due to strikes

A fire broke out at an enterprise in Los Barrios due to deliberate arson

Photo – China will continue to regulate steel production in 2024
China will continue to regulate steel production in 2024

The state planner did not specify the timing or scope of the restrictions

Photo – Zaporizhstal produced 219.4 thousand tons of rolled steel in March
Zaporizhstal produced 219.4 thousand tons of rolled steel in March

Pig iron production amounted to 273.1 thousand tons and steel production to 260 thousand tons.

Photo – Chinese steelmakers urge authorities to limit steel production
Chinese steelmakers urge authorities to limit steel production

15 major producers of long products expect the government to act to curb the fall in steel prices

Photo – Metinvest plans to build a green steel plant in Piombino – CEO
Metinvest plans to build a green steel plant in Piombino – CEO

The steel plant will use iron ore raw materials from Ukraine

Photo – CISA calls on Chinese steel mills to reduce capacity utilization
CISA calls on Chinese steel mills to reduce capacity utilization

The industry association suggests planning production based on steel sales

Photo – Austria increased steel production by 8.6% y/y in February
Austria increased steel production by 8.6% y/y in February

In one month, Austrian steelmakers produced 580,000 tons of steel

Photo – Acciaierie d’Italia to receive additional €120 million to cover debts
Acciaierie d’Italia to receive additional €120 million to cover debts

The financial guarantee for the transaction was provided by the Sace Group, controlled by the Italian Ministry of Economy

Photo – Türkiye cut steel production by 5% m/m in February
Türkiye cut steel production by 5% m/m in February

During the month, Turkish steelmakers produced 3.08 million tons of steel

Photo – Türkiye’s steel industry needs EU-style subsidies and support – EIB
Türkiye’s steel industry needs EU-style subsidies and support – EIB

The industry should focus on investments in high-quality products and renewable energy sources

Photo – Italy allocates €150 million for maintenance of Acciaierie d’Italia plant in Taranto
Italy allocates €150 million for maintenance of Acciaierie d’Italia plant in Taranto

The government is also seeking to speed up a bridge loan for the troubled steelmaker

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