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steel production - Latest news GMK Center

Photo – China’s Tangshan calls on steel mills to cut production in July
China’s Tangshan calls on steel mills to cut production in July

The requirement is related to measures to improve air quality

Photo – Spain’s steel industry is affected by high energy costs – Unesid
Spain’s steel industry is affected by high energy costs – Unesid

Spanish steel producers also need increased government support

Photo – POSCO to invest $92 billion in environmental projects by 2030
POSCO to invest $92 billion in environmental projects by 2030

More than 60% of the budget or $56 billion will be invested in domestic enterprises, mainly in Pohang and Kwangyang

Photo – China’s blast-furnace capacity utilization reaches yearly high
China’s blast-furnace capacity utilization reaches yearly high

During June, the indicator grew steadily, reaching 91.98% by the end of the month

Photo – The profits of China’s steel industry fell by 20% y/y in May
The profits of China’s steel industry fell by 20% y/y in May

Negative indicators of Chinese steelmakers prompt them to reduce production volumes, which will reduce export opportunities and pressure on world markets

Photo – ArcelorMittal plans to restart blast furnace A at the Gijon plant in July
ArcelorMittal plans to restart blast furnace A at the Gijon plant in July

The unit was stopped on March 22, 2023, when a fire broke out during routine maintenance of the blast furnace

Photo – Salzgitter declared a force majeure for steel supplies due to weather conditions
Salzgitter declared a force majeure for steel supplies due to weather conditions

After heavy rains and floods in Germany, the company warned of production cuts and delivery delays

Photo – Austria reduced steel production by 5.2% y/y in January-May
Austria reduced steel production by 5.2% y/y in January-May

In May, Austrian steel companies reduced steel production by 1% y/y, but increased it by 1.4% m/m

Photo – World steel industry needs global standards for green steel – SDI
World steel industry needs global standards for green steel – SDI

The lack of common standards reduces the benefits for manufacturers of such products

Photo – Belgium increased steel production by 14% m/m in May
Belgium increased steel production by 14% m/m in May

In January-May, Belgian steelmakers reduced steel production by 10.9% y/y

Photo – The Czech billionaire is interested in acquiring a stake in Thyssenkrupp Steel
The Czech billionaire is interested in acquiring a stake in Thyssenkrupp Steel

The energy company of the potential investor can act as a supplier of energy resources for Thyssenkrupp

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