steel production - Latest news GMK Center

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

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

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

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