steel production

Companies invest about $663 million in the production of electrical steel

This week the EUROFER report for 1Q 2024 was released

In the third quarter of the 2023/2024 financial year, consolidated steel output amounted to 10.26 million tons

During the year, Swedish steelmakers produced 4.3 million tons of steel

Production of iron ore for the year amounted to 42 million tons

The decrease in the indicator is probably a consequence of the shutdown of blast furnace No. 6 Tata Steel IJmuiden from March 2023

The EAF is scheduled to begin operation in 2026

The transition of steel industry to the use of DRI will lead to changes in the quality profile of iron ore

During the year, British metallurgists produced 5.6 million tons of steel

This was facilitated by the increase in production indicators of the main steel enterprise of the country – US Steel Kosice

The European division of the company increased the indicator by 3.7% y/y

The initiative unites a consortium of nine partners from six European countries