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steel production - Latest news GMK Center

Photo – Kazakhstan’s Qarmet plans to increase production of steel products in 2024
Kazakhstan’s Qarmet plans to increase production of steel products in 2024

The company expects this indicator to increase by 13% compared to 2023

Photo – Acciaierie d’Italia came close to halting gas supplies due to debts
Acciaierie d’Italia came close to halting gas supplies due to debts

Italian court allows energy companies to cut off gas supplies to ADI

Photo – Turkish Erdemir plans to invest $3.2 billion in reducing emissions
Turkish Erdemir plans to invest $3.2 billion in reducing emissions

The company intends to reduce carbon emissions by 25% by 2030

Photo – Global steelmaking capacity will increase by 57 million tons in 2023 – OECD
Global steelmaking capacity will increase by 57 million tons in 2023 – OECD

The gloomy outlook for demand creates a worrying outlook for the coming years

Photo – ArcelorMittal plans to resume the work of the steel plant in Bosnia in January
ArcelorMittal plans to resume the work of the steel plant in Bosnia in January

The venture was suspended in November 2023 due to a weak market

Photo – Tata Steel’s sales in India hit a record high in October-December 2023
Tata Steel’s sales in India hit a record high in October-December 2023

The volume of deliveries of Tata Steel India in this period amounted to 4.88 million tons

Photo – LIBERTY Ostrava postpones restart due to disputes with energy supplier
LIBERTY Ostrava postpones restart due to disputes with energy supplier

The Czech plant had planned to resume operations in early January, but the restart has now been delayed until at least January 16

Photo – India is working on the second phase of the incentive scheme for the steel industry
India is working on the second phase of the incentive scheme for the steel industry

The government is looking to give steel producers an extra push to build capacity

Photo – Austria reduced rolled steel imports from third countries by 68.2% y/y in October
Austria reduced rolled steel imports from third countries by 68.2% y/y in October

The export of steel products for the month increased by 0.5% y/y

Photo – Belgium reduced steel production by 43.2% m/m in November
Belgium reduced steel production by 43.2% m/m in November

In January-November, Belgian steelmakers reduced steel production by 15% y/y

Photo – Turkiye’s Yıldız is investing in the construction of a hot rolling mill in 2024
Turkiye’s Yıldız is investing in the construction of a hot rolling mill in 2024

The company is also preparing for the commissioning of a solar power plant

Photo – Austria produced 560,000 tons of steel in November
Austria produced 560,000 tons of steel in November

In January-November, the country's steelmakers reduced steel production by 6% y/y

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