steel production

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The UK will need 10 million tons of steel by 2030 for energy security

About 3.5 million tons will be needed for solar and nuclear power plants

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Turkiye’s steel industry will end 2022 with a drop in production by more than 13%

The main reasons for the decline in steel production are low demand and high energy costs

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Turkiye announced a 16% discount on electricity for industry

The energy market regulatory body also reduced the maximum price of electricity on the free market to 4.2 thousand lira/MWh

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The level of utilization of steelmaking capacities in Turkiye has fallen to 50% – TCUD

Loads of steel mills have decreased due to falling global demand for steel and rising electricity costs

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The Christmas shutdown of rolled steel production in Italy will last 2-3 weeks

This winter, the stops will be longer due to the unfavorable market conditions

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Metinvest set up the production of 24 new types of products in 2022

The largest number of steel products was launched in the segment of rolled products – 8 units

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The revenues of Chinese steelmakers for the 11 months of 2022 fell by 94.5% y/y

In the sector of mining and beneficiation of ferrous metals, profits decreased by 27.6% y/y

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India’s steel producers expect prices to rise in January 2023

Indian rolled steel export unlikely to return to FY2020/2021 levels

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Ukrainian iron and steel sector activity: results for 11 months of 2022

Ukrainian iron and steel industry is significantly affected by problems with electricity supply and disruptions in logistics

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Poland reduced steel production by 13.7% m/m in November 2022

In January-November 2022, the country's steelmakers reduced steel production by 7.9% y/y

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The Belgian NLMK to resume operation of the hot rolling mill in January

Rolled steel production at the mill was suspended due to problems with the unit

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European steelmakers reduced steel production in November 2022

In Germany, steel output fell by 11.8% m/m, in Italy – by 7.9% m/m

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