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steel production - Latest news GMK Center

Photo – Global steel production in November increased by 3.3% y/y
Global steel production in November increased by 3.3% y/y

Total production in the CIS countries + Ukraine for the month increased by 14.8% y/y

Photo – Italy reduced steel production by 6.7% m/m in November
Italy reduced steel production by 6.7% m/m in November

During January-November, Italian steelmakers reduced steel output by 3% m/m

Photo – Visible steel consumption in the Czech Republic decreased by 13.7% y/y in January-September
Visible steel consumption in the Czech Republic decreased by 13.7% y/y in January-September

Steel production in the country decreased by 21% y/y in 9 months

Photo – LIBERTY Galati resumed operation of blast furnace No. 5 at the beginning of December
LIBERTY Galati resumed operation of blast furnace No. 5 at the beginning of December

The unit was idle for 69 days – from September 30 to December 9, 2023

Photo – Kazakhstan increased steel production by 22.6% y/y in November
Kazakhstan increased steel production by 22.6% y/y in November

In January-November, the country's steelmakers increased steel output by 13.4% y/y

Photo – Germany produced 2.7 million tons of steel in November
Germany produced 2.7 million tons of steel in November

Pig iron production in the country amounted to 1.75 million tons

Photo – Saudi Arabia to invest $12 billion in steel projects
Saudi Arabia to invest $12 billion in steel projects

By increasing steel production, the country plans to meet a significant increase in domestic demand

Photo – LIBERTY Steel is losing ground in the global steel market
LIBERTY Steel is losing ground in the global steel market

The indicators of the steel division of the company are affected by the unfavorable situation in the EU steel market

Photo – China reduced steel production by 3.8% m/m in November
China reduced steel production by 3.8% m/m in November

Steel production in the country has been falling for the fifth month in a row

Photo – Fitch forecasts an increase in demand for steel in most regions in 2024
Fitch forecasts an increase in demand for steel in most regions in 2024

A slight decrease in production is expected in China, and European steel industry will return to positive dynamics

Photo – Liberty Ostrava plans to restart blast furnace No. 3 in January
Liberty Ostrava plans to restart blast furnace No. 3 in January

The unit was suspended in October amid falling demand in Europe

Photo – China to accelerate decommissioning of obsolete steel capacities
China to accelerate decommissioning of obsolete steel capacities

The country has published an action plan for sustainable improvement of air quality

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