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steel production - Latest news GMK Center

Photo – Spain cut scrap consumption to a six-month low in July
Spain cut scrap consumption to a six-month low in July

During the month, Spanish steelmakers consumed 587,000 tons of scrap

Photo – The situation at the Acciaierie d’Italia remains difficult
The situation at the Acciaierie d’Italia remains difficult

ADI President calls for company survival to be guaranteed, unions point out industrial plan is not being implemented

Photo – France reduced steel production by 8.6% y/y in August
France reduced steel production by 8.6% y/y in August

Compared to the previous month, the indicator remained unchanged

Photo – European rolled steel producers may reduce production in the fourth quarter
European rolled steel producers may reduce production in the fourth quarter

Thus, EU steelmakers will try to balance supply and demand

Photo – Brazil’s steelmakers will invest $12.5 billion in the industry over the next four years
Brazil’s steelmakers will invest $12.5 billion in the industry over the next four years

The industry is showing confidence despite adverse conditions

Photo – Poland increased steel production by 26.4% m/m in August
Poland increased steel production by 26.4% m/m in August

In January-August, the country's steelmakers reduced steel production by 20.3% y/y

Photo – US reduced steel imports by 4% m/m in August
US reduced steel imports by 4% m/m in August

Imports of rolled products into the US increased by 1.4% m/m over the month

Photo – Spain reduced steel production by 12.2% m/m in August
Spain reduced steel production by 12.2% m/m in August

In January-August, Spanish steelmakers reduced steel production by 7.1% y/y

Photo – Turkiye reduced steel production by 3.5% m/m in August
Turkiye reduced steel production by 3.5% m/m in August

During the month, Turkish steelmakers produced 2.79 million tons of steel

Photo – Global steel production in August increased by 2.2% y/y
Global steel production in August increased by 2.2% y/y

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

Photo – Germany reduced steel output by 4.2% y/y in January-August
Germany reduced steel output by 4.2% y/y in January-August

Production of pig iron in the country decreased by 0.1% y/y in this period

Photo – Poland should stimulate industry to green energy transition
Poland should stimulate industry to green energy transition

The country should also make better use of scrap stocks to make decarbonization cheaper

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