steel production - Latest news GMK Center

In January-February, the indicator decreased by 3.9% y/y

During January-February, Spanish steelmakers increased steel output by 2.6% y/y

In January-February 2024, French steelmakers reduced steel production by 4.6% y/y

Steel production in the 71st country for the month amounted to 148.8 million tons

Long products production grew by 30.8% m/m over the month, while flat products production fell by 14.6% m/m.

Production of pig iron for the month increased by 6.4% y/y, and rolled steel – by 8.4% y/y

Leading Indian steelmakers plan to invest billions of dollars in significant capacity expansion

In this way, they are trying to stop the rapid decline in prices for finished products

Last year, this indicator reached a maximum of 2.5 billion tons

The results exceeded market forecasts. Production was expected to fall amid seasonally low demand

In April, AMKR will launch blast furnace No. 6, coke oven batteries No. 3-4, blooming and small section mill No. 2

If approved, the plans will add about 1.52 million tons per year of blast furnace capacity and 1.66 million tons per year of EAF capacity