steel production

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Impact of Russian-Ukrainian war on global iron & steel trade flows

Disruptions in supply chain are not the main problem now. War worsens current economic situation globally

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The reduction of electricity costs made it easier for German steelmakers

The autumn months adjusted the cost of electricity by an average of €300 MWh from the peak price in August 2022 – to €150 MWh

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A clear industrial plan is needed to save Acciaierie d’Italia

The volume of steel production at the plant in Taranto in 2021 amounted to only 3 million tons

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China reduced steel production by 1.4% y/y in January-November 2022

During this period, the production of steel products fell by 0.7% y/y, and pig iron – by 0.4% y/y

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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

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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

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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

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