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steel production - Latest news GMK Center

Photo – Steel stocks of Chinese steelmakers decreased by 12.3% m/m in mid-May
Steel stocks of Chinese steelmakers decreased by 12.3% m/m in mid-May

As of mid-May, steel stocks at the main steel enterprises of the PRC amounted to 16.26 million tons

Photo – Turkiye reduced steel production by 1.3% m/m in April
Turkiye reduced steel production by 1.3% m/m in April

During the month, Turkish steelmakers produced 2.68 million tons of steel

Photo – Global steel production fell by 2.4% y/y in April
Global steel production fell by 2.4% y/y in April

Total production in the CIS countries + Ukraine for the month increased by 5.9% y/y

Photo – ASEAN countries will grapple with the prospect of steel oversupply
ASEAN countries will grapple with the prospect of steel oversupply

Expansion investments are more focused on blast furnace production

Photo – Kazakhstan increased steel production by 6.4% m/m in April
Kazakhstan increased steel production by 6.4% m/m in April

In January-April, the country's steel enterprises reduced steel production by 11.3% y/y

Photo – Italy reduced steel production by 12.1% y/y in April
Italy reduced steel production by 12.1% y/y in April

In January-April, Italian steelmakers reduced steel output by 7.6% y/y

Photo – ArcelorMittal expands electrical steel production capacity in France
ArcelorMittal expands electrical steel production capacity in France

From 2024, the Mardyck plant will produce an additional 200,000 tons of electrical steel

Photo – Steel exports from Spain decreased by 14% y/y in 2022
Steel exports from Spain decreased by 14% y/y in 2022

Due to rising energy costs, steel shipments from Spain fell to the level of pandemic 2020

Photo – Gerdau suspends steel production at one of its plants in Brazil
Gerdau suspends steel production at one of its plants in Brazil

The stoppage is planned for the end of May 2023

Photo – Germany reduced steel production by 3.8% y/y in April
Germany reduced steel production by 3.8% y/y in April

In April, the production of pig iron in the country fell by 3.4% y/y

Photo – Nippon Steel to produce 35 million tons of steel in the 2023/2024 fiscal year
Nippon Steel to produce 35 million tons of steel in the 2023/2024 fiscal year

In the 2022/2023 financial year, the company reduced the volume of steel production by 11.4%

Photo – Turkish Yıldız invests more than $152 million in new steel facilities
Turkish Yıldız invests more than $152 million in new steel facilities

The construction of the new enterprise is planned to be completed in three years

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