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steel production - Latest news GMK Center

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

Photo – Domestic demand for steel in China will increase in September-October
Domestic demand for steel in China will increase in September-October

In the second half of the year, the government is likely to introduce a policy of moderate control

Photo – China’s steel processing plants will maintain high productivity until the end of July – forecast
China’s steel processing plants will maintain high productivity until the end of July – forecast

There is a high level of utilization of blast furnace capacities in the country

Photo – Voestalpine will stop one of the BFs in Linz for maintenance in August
Voestalpine will stop one of the BFs in Linz for maintenance in August

The planned repair of the unit will last three months

Photo – ArcelorMittal will continue production at the steel plant in Foss-sur-Mer
ArcelorMittal will continue production at the steel plant in Foss-sur-Mer

The company won an appeal against an order to suspend steel production

Photo – India increased steel imports from China to a 6-year high in April-May
India increased steel imports from China to a 6-year high in April-May

India's government is considering imposing a countervailing duty on steel imports from China amid a surge in supplies

Photo – Beltrame suspends EU production lines due to high costs
Beltrame suspends EU production lines due to high costs

The company's facilities in Italy and France are currently idle. Suspension of bar production expected in Switzerland

Photo – The costs of Italian steelmakers for electricity may increase by 35%
The costs of Italian steelmakers for electricity may increase by 35%

The Italian government is likely to abolish the exemption from electricity transmission and distribution charges for energy-intensive industries

Photo – Uzbek steel plant to launch a new line for the production of hot-rolled steel in 2024
Uzbek steel plant to launch a new line for the production of hot-rolled steel in 2024

The implementation of the project will allow Uzbekistan to become self-sufficient in the production of hot-rolled coil

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