steel production - Latest news GMK Center

Italian steelmakers reduced steel output by 4% y/y in January-August

This is due to the reduction of domestic demand and the growth of competition from China

Chinese steelmakers increased steel output by 2.6% y/y in January-August

130,000 square meters were allocated for the implementation of the corresponding project in the industrial city of Umm-el-Quwain

The capacity of the unit is estimated at 1.13 million tons of pig iron per year

TCUD believes that the steel sector industry needs competitive energy prices

Currently, the company plans to produce up to 5 thousand tons of products monthly, and by the end of 2024 to reach 100 thousand tons/year

47.6% of total funds (€4.1 bln) may be allocated to ArcelorMittal plants

Pig iron smelting for the month increased by 8.1% y/y

The volume of steel production in the current year will not exceed the level of 2022

The deal is expected to close by the end of the first quarter of 2024

The first 770 tons of rolled rebar are ready for shipment to domestic customers