steel production - Latest news GMK Center

The country aims to increase the share of this raw material in steel industry to 50% by 2047

Companies have adapted to new conditions, but new problems constantly arise

During the year, the steel division of the enterprise worked at 25-30% of the total capacity

Production of pig iron decreased by 0.9% y/y, and rolled steel – by 3.6% y/y

Market participants are also discussing the possible repair of the rebar production line

This will lead to sustained demand for iron ore ahead of the holidays

Zeljezara Niksic was put on loan last December

During the year, the country's steel enterprises produced 3.92 million tons of steel

During the year, the country's steelmakers produced 21.06 million tons of steel

Blast Furnace No. 1 was shut down in mid-2023. Its capacity reaches 900,000 tons of pig iron per year

The indicator slightly increased compared to 2022 – by 0.6%, ending a two-year downward trend

The shutdown of the unit took place during the Christmas holidays due to interruptions in the supply of raw materials