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steel production - Latest news GMK Center

Photo – Steel mills in China’s Handan to cut production
Steel mills in China’s Handan to cut production

These measures are related to the need to reduce environmental pollution

Photo – Five multinational companies are interested in Acciaierie d’Italia – Minister
Five multinational companies are interested in Acciaierie d’Italia – Minister

Inventory of equipment at the Taranto plant will begin shortly

Photo – Turkish Tosçelik plans to increase its share in the green steel market
Turkish Tosçelik plans to increase its share in the green steel market

The company intends to continue investing in the decarbonization of capacities

Photo – Average monthly steel sales in Germany fell by 5% y/y in 2023
Average monthly steel sales in Germany fell by 5% y/y in 2023

Last year, the monthly volume of steel sales never exceeded 1 million tons

Photo – Ukrainian steelmakers produced 447 thousand tons of rolled steel in February
Ukrainian steelmakers produced 447 thousand tons of rolled steel in February

The production of steel for the month amounted to 532 thousand tons, and pig iron – 496 thousand tons

Photo – Steel mills in China’s Yunnan province cut production
Steel mills in China’s Yunnan province cut production

Plants are scrambling to avoid losses amid weak demand and rising costs

Photo – China increased steel exports by 32.6% y/y in January-February
China increased steel exports by 32.6% y/y in January-February

In two months, Chinese steelmakers shipped 15.9 million tons of metal products abroad

Photo – Turkiye to increase exports of steel products in 2024 – forecast
Turkiye to increase exports of steel products in 2024 – forecast

In 2024, steel production may exceed 40.4 million tons

Photo – US steel industry gets a boost from legislative support
US steel industry gets a boost from legislative support

The industry was supported by the CHIPS Act and the infrastructure and inflation reduction laws

Photo – Czech government intends to promote decarbonization of Třinecké železárny
Czech government intends to promote decarbonization of Třinecké železárny

The company plans to reduce emissions by 55% by 2030. Investments in green projects are estimated at more than $1.7 billion

Photo – Spain imported 3.8 million tons of steel from third countries in 2023
Spain imported 3.8 million tons of steel from third countries in 2023

The main part of the import fell on flat rolled products – 3.33 million tons

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