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steel production - Latest news GMK Center

Photo – The world production of stainless steel fell by 5.2% y/y in 2022
The world production of stainless steel fell by 5.2% y/y in 2022

The largest drop in stainless steel production was recorded in the USA – by 14.8% y/y

Photo – ArcelorMittal Dunkirk will operate on one blast furnace
ArcelorMittal Dunkirk will operate on one blast furnace

Recently, there was a fire at one of the three blast furnaces of the plant. The company is evaluating the consequences and cause of the incident

Photo – Turkiye has reduced gas prices for industry by 20% since April
Turkiye has reduced gas prices for industry by 20% since April

This is the third decrease in gas prices in the country in 2023. In February, gas for industry became cheaper by 13-17%, and in March – by 21-26%

Photo – Belgium reduced steel production by 9.3% m/m in February
Belgium reduced steel production by 9.3% m/m in February

In January-February 2023, Belgian steelmakers reduced steel production by 1.3% y/y

Photo – Energy costs of Turkish steelmakers will continue to decrease – CIB
Energy costs of Turkish steelmakers will continue to decrease – CIB

The level of gas prices in Turkiye may balance with the cost of energy resources in the EU already in June of this year

Photo – Austria reduced steel production by 10.4% m/m in February
Austria reduced steel production by 10.4% m/m in February

In January-February, Austrian steel companies reduced steel output by 11.2% y/y

Photo – ArcelorMittal Dunkirk was affected by a fire at BF №4
ArcelorMittal Dunkirk was affected by a fire at BF №4

The fire started in the morning of March 30, 2023, on the roof of the blast furnace, but it was quickly extinguished

Photo – Aperam plans to invest in reducing energy consumption
Aperam plans to invest in reducing energy consumption

The company applies an energy premium of €866/t to the March contracts

Photo – Turkiye’s steelmakers can increase steel exports under the condition of energy support
Turkiye’s steelmakers can increase steel exports under the condition of energy support

The country's steel sector is also under pressure from price fluctuations for imported scrap

Photo – SSAB presented its development strategy until 2030
SSAB presented its development strategy until 2030

The company plans to increase profits thanks to the green transition and premium products

Photo – Poland reduced steel production by 9.4% m/m in February
Poland reduced steel production by 9.4% m/m in February

In January-February, the country's steelmakers reduced steel production by 34.5% y/y

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