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steel production - Latest news GMK Center

Photo – China’s steel industry has an upward trend in 2023
China’s steel industry has an upward trend in 2023

The forecast is based on the best prospects of the industries that are the largest consumers of steel

Photo – Dunaferr restarts blast furnace amid positive market trends
Dunaferr restarts blast furnace amid positive market trends

The Hungarian plant uses stock raw materials to start the unit, but additional supplies are needed for the stable operation of the furnace

Photo – German steel industry needs state support for a green transition
German steel industry needs state support for a green transition

The first agreements on climate measures with steel companies will be concluded in the coming months

Photo – Kametstal plans to produce 3.9 thousand tons of grinding layers in February 2023
Kametstal plans to produce 3.9 thousand tons of grinding layers in February 2023

This year's first batch of layers with a diameter of 30 mm was sent to enterprises in Poland

Photo – The earthquake paralyzed a third of the steel production capacity in Turkiye
The earthquake paralyzed a third of the steel production capacity in Turkiye

Steel processing plants in the south of the country may not work until the end of February

Photo – ArcelorMittal expects to increase steel supplies by 5% y/y in 2023
ArcelorMittal expects to increase steel supplies by 5% y/y in 2023

The company expects the recovery of global demand for steel in the current year by 2-3% y/y

Photo – The consumption of scrap in China will remain stable
The consumption of scrap in China will remain stable

The import of scrap to the country fell by 4% y/y last year

Photo – The Hungarian Dunaferr steel mill is idle due to a lack of raw materials
The Hungarian Dunaferr steel mill is idle due to a lack of raw materials

The company could not resume steel production due to the lack of supplies of raw materials from the Romanian Liberty Galati

Photo – Iskenderun steel mills announce force majeure
Iskenderun steel mills announce force majeure

Prices for imported scrap on the Turkish market did not change on February 10

Photo – ArcelorMittal is resuming European capacity amid rising demand
ArcelorMittal is resuming European capacity amid rising demand

About 10% of the company's blast furnaces in the EU remain idle, compared to 20% in the fourth quarter of 2022

Photo – Voestalpine plans to launch a new plant in Austria in March 2023
Voestalpine plans to launch a new plant in Austria in March 2023

The implementation of the project was delayed due to problems with the delivery of production equipment due to the pandemic

Photo – ArcelorMittal reduced its net profit by 37.8% y/y in 2022
ArcelorMittal reduced its net profit by 37.8% y/y in 2022

The company's revenue for the year increased by 4.3% y/y

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