steel production - Latest news GMK Center

Excess steelmaking capacity remains a problem for the country

The company has been in bankruptcy proceedings since the beginning of 2023

During the month, Turkish steelmakers produced 2.71 million tons of steel

Currently, the Taranto steel plant operates only two blast furnaces

In 2022, the company increased the production of steel products by 3.4% – up to 1.84 million tons – more than 1 million tons of thick rolled products were produced

In March, the production of pig iron in the country increased by 5.6% y/y

The unit was suspended on March 30, 2023, due to a fire

During the month, Spanish steelmakers produced 1.13 million tons of steel

Total production in the CIS countries + Ukraine for the month increased by 3% y/y

The past year was marked by a slowdown in production amid a sharp rise in energy prices

In March, Chinese steelmakers increased steel output by 6.9% y/y

Flat rolled production in March 2023 decreased by 8.6% year-on-year