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steel production - Latest news GMK Center

Photo – Baowu Steel received steel production limitation indicators
Baowu Steel received steel production limitation indicators

The market expects that this will soon affect other steel mills

Photo – Global steel production decreased by 1.1% y/y in the first half of 2023
Global steel production decreased by 1.1% y/y in the first half of 2023

Total production in the CIS countries + Ukraine during this period decreased by 3.4% y/y

Photo – POSCO increased steel output by 4.1% q/q in Q2
POSCO increased steel output by 4.1% q/q in Q2

Steel sales in April-June increased by 2.3% q/q

Photo – China’s Tangshan tightened control over steel production cuts
China’s Tangshan tightened control over steel production cuts

Steel enterprises urged to observe restrictions

Photo – JSW Steel increased steel sales by 27% y/y in Q1 2023/2024
JSW Steel increased steel sales by 27% y/y in Q1 2023/2024

The driver of sales growth was the increase in demand for steel in the infrastructure industry

Photo – Steel Dynamics increased its net profit by 27.5% q/q in Q2
Steel Dynamics increased its net profit by 27.5% q/q in Q2

The company's net sales amounted to $5.1 billion

Photo – Arvedi has developed an action plan for Acciai Speciali Terni relaunch
Arvedi has developed an action plan for Acciai Speciali Terni relaunch

The company applied for access to state support

Photo – Italy reduced steel production by 6.6% y/y in the first half of 2023
Italy reduced steel production by 6.6% y/y in the first half of 2023

In June, Italian steelmakers reduced steel output by 0.7% y/y and 4.4% m/m

Photo – Some Chinese steel companies expect losses in the first half of 2023
Some Chinese steel companies expect losses in the first half of 2023

Such forecasts are assumed by Linyuan I&S, Shandong I&S, Chongqing I&S, Xinjiang Bayi Steel and Ma'anshan I&S

Photo – China increased steel production by 1.3% y/y in the first half of 2023
China increased steel production by 1.3% y/y in the first half of 2023

In June, Chinese steel production increased by 0.4% y/y and 1.1% m/m. Factories are encouraged by rising product prices

Photo – POSCO to increase steel production to 52 million tons by 2030
POSCO to increase steel production to 52 million tons by 2030

The company also aims to triple consolidated operating profit

Photo – Steel expansion gains momentum in India
Steel expansion gains momentum in India

Such plans have JSW, Tata Tata Steel, AMNS and the state SAIL

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