steel production - Latest news GMK Center

As part of the Hydra project, a pilot plant will be created that runs on 100% hydrogen fuel

Decarbonization is also an urgent issue in view of the start of CBAM implementation

The company is currently increasing production and reorienting

The company's goal is to increase the production of steel with high added value to 3.5 million tons

Steel smelting for the month reached 558,000 tons, and pig iron – 486,000 tons

Planned shutdowns of the plant will last from October 27 to November 12 and from December 14 to December 31

Imports of steel products also fell sharply over 6 months – by more than 500 thousand tons

The Taranto iron and steel plant must restore a minimum level of normal operation

In January-August, Belgian steelmakers reduced steel production by 9.5% y/y

In January-August, the country's steelmakers reduced steel production by 6.7% y/y

The agreement is expected to include the sale of 50% of the steel division to Daniel Kretynskyi

Overcapacity in the future could have a significant impact on the industry