steel production

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Chinese steelmakers discuss compensation for closing outdated facilities

Consultations on this issue started at the beginning of the year

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Steel and Metals Action Plan requires immediate implementation – EUROFER

European steelmakers say energy prices remain a problem

poland.arcelormittal.com
The US remained ArcelorMittal’s largest market in 2024

Sales to the US fell by 5% y/y. Poland moved up to fourth place, while Italy and the UK showed growth

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China reduced steel production by 1.5% y/y in January-February

The indicator declined despite an increase in steelmakers' profits and exports of finished products

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An association of electric arc furnace steel producers has been established in China

The new organization is designed to promote the development of green steel industry, improve industry efficiency and reduce emissions

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Hyundai Steel steps up cost-saving measures amid US tariffs and competition

The company has cut executive salaries and is considering a voluntary resignation program for employees

economedia.ro
ArcelorMittal Europe increased steel production by 8.3% y/y in 2024

Production in blast furnaces increased by 10.8% y/y, while electric arc furnaces decreased by 1.8% y/y

kardemir.com
Turkey’s Kardemir reduced sales by 4.4% y/y in 2024

Steel production in the period increased by 4.8% compared to 2023

Huta Częstochowa will become the property of the Ministry of National Defense of Poland

It is expected that operational management will be transferred to Węglokoks, which already leases the plant

ssab.com
SSAB to install electric arc furnace at Uxelsund plant by 2026

The unit will replace the existing blast furnaces and accelerate the company's green transition

Ukraine increased rolled steel production by 6.6% y/y in February

Pig iron output grew by 9.8% y/y and steel output by 7.5% y/y

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China announces plans to cut steel production

The authorities did not give specifics on the possible scope of cuts

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