steel production - Latest news GMK Center

There will most likely no longer be an order from the Chinese authorities to reduce production, but steel mills are voluntarily reducing output

In January-September, Spanish steelmakers reduced steel production by 5.7% y/y

Mainly this will happen through production control and energy saving measures

Compared to September 2022, the indicator increased by 1.3%

During the month, Turkish steelmakers produced 2.89 million tons of steel

The workers believe that the state should take over the controlling stake

Total production in the CIS countries + Ukraine for the month increased by 10.7% y/y

The transition to electric arc furnaces may lead to the reduction of 2,000 jobs

The company is considering a long-term supply for a potential pellet plant

Pig iron production in the country increased by 0.1% y/y in this period

The company invests in increasing competitiveness in the market of high grades of steel

High costs put more and more German companies in a difficult position