steel production

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Spain reduced steel production by 19.8% m/m in December 2022

In 2022, Spanish steelmakers produced 11.46 million tons of steel

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European steelmakers cut steel production by 10.5% in 2022

All major steel producers in the European Union showed a significant drop in smelting

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France reduced steel production by 26% m/m in December 2022

In 2022, French steelmakers reduced steel production by 13.1% y/y

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Ukraine fell to 25th place in the global rating of steel production in 2022

During the year, Ukrainian steelmakers produced 6.26 million tons of steel

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Global steel output decreased by 10.8% y/y in December 2022

Total production in the CIS countries and Ukraine decreased by 28.4% y/y for the month

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Shanghai will ban steel capacity additions in 2023

The use of scrap should increase to 15% by 2025

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Opening China’s economy will help Indian steelmakers

Rise in import prices will increase the production of steel makers in India

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Turkiye lowers natural gas prices for industry by 13-17%

Lower prices will help Turkish steel producers, whose competitiveness is at a low level

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Turkiye reduced steel exports by 17.7% y/y in 2022 – CIB

The country's steelmakers can regain competitiveness in the second half of 2023

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Steel consumption in China in 2022 decreased by 3.3% y/y

The indicator has been decreasing for the second year in a row

Zaporizhstal operated at 50% during 2022 due to logistical limitations

At the end of the year, the plant's capacity was further reduced due to a shortage of electricity

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Tata Steel starts plant construction with EAF in India

The enterprise will produce 750 thousand tons of steel per year

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