steel production

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Scrap demand in Italy will fall at the beginning of 2023 due to shutdowns of steel plants

Longer shutdowns of steelmakers for maintenance will affect scrap consumption in the first quarter of 2023

me.ekapija.com
Montenegrin EPCG to purchase the Turkish Tosyali steel plant for €20 million

Toscelik Niksic produces non-alloy steel, roller-bearing steel, tool steel, and heat-resistant steel

t.me/metinvest
Ukrainian steelmakers produced 222,000 tons of rolled steel in November 2022

Pig iron smelting in November 2022 amounted to 335 thousand tons, and steel – 313 thousand tons

corporate.arcelormittal.com
ArcelorMittal launches carbon capture and utilization project at Ghent plant

The first plant of this type in the European steel industry cost the company €200 million

riotinto.com
China reduced iron ore imports by 2.1% y/y in January-November 2022

In November 2022, the iron ore import decreased by 5.8% year-on-year and by 4.1% more compared to the previous month

US Steel Kosice
Slovakia’s US Steel Kosice has shut down the second of its three blast furnaces until 2023

The shutdown of the unit is due to high electricity costs and a drop in demand for finished products

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Romania’s Liberty Galati is shutting down its blast furnace for maintenance until 2023

Investments in unit maintenance are planned at the level of $3.9 million

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Steel prices in China will be pressured by weak demand until the end of 2022

Quotations of steel products are likely to fall by the end of the year despite the government's efforts to support the industry

Turkiye reduced steel production by 17.8% y/y in October 2022

Steel production fell by 10.1% year-on-year in 10 months

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The UK’s trade unions are calling on the government to support the steel industry

The UK's industry will not be able to compete if it pays twice as much as the EU for electricity

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Turkish steelmakers fear India’s entry into the local steel market

The abolition of the export duty on steel in India may increase the import of cheaper products to the domestic market of Turkiye

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Steel sales in Germany fell to a 10-month low in October

Inventories of steel products of all categories also decreased in October by 1% y/y – to 2.16 million tons

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