steel production - Latest news GMK Center

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%

In January-March, Belgian steelmakers reduced steel production by 4.7% y/y

The company's operating profit in January-March 2023 amounted to SEK 4.73 billion

The country's steel producers have faced weaker demand and rising costs

One option involves the acquisition of a minority stake in ThyssenKrupp Steel

In January-March, the country's steelmakers reduced steel production by 13.3% y/y

Sales of flat rolled products increased by 5.4% m/m, long products – by 11.6% m/m, and other steel products – by 17.9% m/m

In the first quarter, Austrian steel companies reduced steel output by 8.1% y/y

Production fell by 32% y/y

Insurance examinations are ongoing at the facilities of the steel plant