steel production - Latest news GMK Center

Iron ore production increased by 1% q/q for the year

At the same time, the company has not yet completed the cleaning of blast furnace A at the Gijon plant

Visible steel consumption in the country in the January-March increased by 1.9% y/y

In January-March 2023, the company's revenue increased by 9.5%

In the first quarter, Turkish steelmakers reduced the shipment of products for export by 48.3%

In March, the unit suffered from a fire. Currently, the blast furnace has been cleared of the consequences of the incident by 70%

Since the beginning of 2023, the cost of natural gas in the country has decreased three times, reaching a 52.4-63.6% decrease by October 2022

In January-March, steel production increased by 0.3% y/y

The enterprise is planned to be commissioned by the end of 2026

In January-March, steel sales increased by 8% q/q

In the first quarter, the company lowered its net profit due to weak demand

The level of capacity utilization in the industry in January-March 2023 fell to 53%