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steel production - Latest news GMK Center

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

Photo – Spain increased steel production by 25.2% m/m in February
Spain increased steel production by 25.2% m/m in February

During the month, Spanish steelmakers produced 925,000 tons of steel

Photo – Chinese Xinxing invests $2 billion in steel plants in Egypt
Chinese Xinxing invests $2 billion in steel plants in Egypt

Production is planned to be located in the industrial zone in the port of Ain Sokhna

Photo – The market of steel structures in Ukraine for 2022 decreased by 55-65% – UCSC
The market of steel structures in Ukraine for 2022 decreased by 55-65% – UCSC

Due to hostilities, half of the enterprises participating in the UCSC were forced to temporarily or partially stop their activities

Photo – Turkiye reduced steel production by 19.2% m/m in February 2023
Turkiye reduced steel production by 19.2% m/m in February 2023

During the month, Turkish steelmakers produced 2.1 million tons of steel

Photo – Voestalpine plans to invest €1.5 billion in the decarbonization of capacities
Voestalpine plans to invest €1.5 billion in the decarbonization of capacities

The company intends to allocate funds to the construction of two electric arc furnaces at the plants in Linz and Donavitsa by 2027

Photo – DMZ produced 16,000 tons of products in rolling shop №2 during February-March
DMZ produced 16,000 tons of products in rolling shop №2 during February-March

The vast majority of the order consisted of the mine rack SVP-27 and several names of channels and angles

Photo – Global steel production fell by 1% y/y in February
Global steel production fell by 1% y/y in February

Total production in the CIS countries+Ukraine for the month fell by 21.3% y/y

Photo – Kazakhstan reduced steel production by 24.3% y/y in February
Kazakhstan reduced steel production by 24.3% y/y in February

Flat rolled production in February 2023 fell by 9.5% year-on-year

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