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steel production - Latest news GMK Center

Photo – Slovak US Steel Kosice will operate on a reduced schedule until the end of the summer
Slovak US Steel Kosice will operate on a reduced schedule until the end of the summer

The shortened working day was introduced amid planned maintenance

Photo – Türkiye reduced steel production by 16.3% y/y in the first half of 2023
Türkiye reduced steel production by 16.3% y/y in the first half of 2023

In June, Turkish steelmakers reduced steel output by 1.5% y/y, but increased by 2% m/m

Photo – Germany reduced steel production by 5.3% y/y in January-June
Germany reduced steel production by 5.3% y/y in January-June

Pig iron production in the country decreased by 0.6% y/y in the first half of 2023

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

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