steel production

Germany reduced steel production by 11.5% in May

In January-May, German steelmakers reduced steel production by 4.8%

Ukrainian steelmakers produced 4.2 million tons of steel in January-May

Ukraine dropped to 18th place in the world ranking of steel producers, reducing production by more than half

In May, China increased steel production to its record level in 12 months

Overall, steel production fell by 8.7% in January-May due to coronavirus restrictions

Interpipe reduced its net profit by 53% in 2021

The company's revenue for the year, on the contrary, grew by 30.9%

Russian steelmakers expect flat products output to fall by 23% in 2022

In general, steel production in the country may fall by 15%

Metinvest has set up a working group for the new Azovstal project

Construction can take 3+ years, depending on the final design

Metinvest ranked 42nd among the world’s steel producers in 2021

Last year, the company produced 11.48 million tons of steel, rising three points in the WorldSteel rankings

In 2022, steel production in Ukraine may fall to 7.6 million tons

4.7 million tons of rolled steel exports are expected at the same period

Russian steelmakers are reducing production by up to 40%

They have not managed to reorient supplies from Europe to Asia

Russian steel companies expect losses and production cuts

Sanctions imposed since early 2022, taxes and a "strong" ruble make export profitability zero or negative

The war in Ukraine will not stop global decarbonisation: scrap issue

Scrap is still the most important material for reducing emissions in steel industry

Ukraine reduced steel production by 7 times in April

The country downed to 36th place in the global ranking of steelmakers

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