steel production

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India’s steel export duty will act until at least December 2022

The effect of the export duty in the next few months will be a stabilizing factor in the market and will prevent its volatility

Exports of long products from Ukraine decreased 67.3% y/y over 8 months 2022

Due to the blockade of Ukrainian sea ports, the EU remains the main export destination

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Türkiye to refuse investments in new steel projects

Due to the increase in electricity tariffs, Turkish steelmakers are trying to maintain their existing production capacity

The Pakistani government has received a request from China to buy PSMC for $1.5 billion

Representatives of four Chinese companies visited Pakistan with the aim of acquiring a controlling stake in the Pakistan Steel Corporation

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Saudi Arabia to build three steel plants for $9.3 billion

The total production capacity of the enterprises will be more than 6 million tons of steel products per year

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ArcelorMittal has no plans to stop production in Luxembourg

The plant has enough orders to continue its activities, the CEO of ArcelorMittal Luxembourg claims

Business Standard
Japan’s JFE Steel and India’s JSW are planning a joint venture

The second largest steel company in Japan is looking to expand its presence in the Indian market

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Steel production in China’s seven leading provinces fell by 6% y/y in January-July 2022

The indicators were affected by the Chinese government's desire for decarbonization, lockdowns and problems in the real estate sector

European demand for imported steel increased against the backdrop of high domestic prices

Due to the increase in energy costs, local producers are forced to raise the prices of their products

The European energy crisis created new opportunities for Asian steel producers

Also, the rise in energy prices and the war in Ukraine put the ambitious green transition of European steelmakers on pause

Slovenia’s SIJ Group will reduce production by the end of 2022

In September, the company plans to reduce production by a third, and in the fourth quarter – by 40%

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ArcelorMittal’s problems in Europe will not affect the company’s activities in China

The partial shutdown of the corporation's blast furnaces in Europe will not hinder the expansion of production at its Chinese VAMA plant

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