steel production

AMNS India invests $5 billion in expanding production capacity

Two blast furnaces to be built at the Hazira plant by mid-2026

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The USA increased steel imports by 8.8% y/y in January-August 2022

Imports of finished steel products to the USA for 8 months of 2022 increased by 28.7% y/y

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Moody’s changed the global forecast for the mining and metals sector

The aggregate EBITDA of the largest companies is expected to decline over the next 12 months

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Steel production in the UK will fall below 7 million tons in 2022 – ISSB

The fall in steel production in the UK is taking place against the background of relevant global trends

European steel producers fear a deepening recession due to the energy crisis

The steel sector replenishes the budgets of European countries with tens billions of euros, but mass shutdowns of capacities will negatively affect the amount of tax revenues

Global DRI production increased by 14% in 2021

The Middle East and Asia are the largest producers of DRI – 54.8 million tons and 39.5 million tons, respectively

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US steel producers forecast a decline in profits in the third quarter of 2022

Steelmakers explain this by a drop in the price and volume of rolled steel shipments

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Germany cut steel production by 2.3% in August 2022

In January-August 2022, German steelmakers reduced steel output by 4.8%

Essar Group invests $4 billion in a steel plant in Saudi Arabia

The project to be completed by the end of 2025

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Global steel output in August 2022 decreased by 3% y/y

Total production in the CIS countries and Ukraine decreased by 22.4% y/y for the month

India’s Adani Group to enter the steel market through the acquisition of RINL

Indian government approved the sale of 100% state-owned RINL's shares

Italy cut steel production by 42% y/y in August 2022

In January-August 2022, steel production decreased by 10% y/y

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