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steel production - Latest news GMK Center

Photo – Chinese steelmakers’ revenues in 2022 fell by 91.3% y/y
Chinese steelmakers’ revenues in 2022 fell by 91.3% y/y

In the sector of ferrous metal ores extraction and beneficiation, revenues decreased by 22% y/y

Photo – Poland increased steel production by 8.3% m/m in December 2022
Poland increased steel production by 8.3% m/m in December 2022

In 2022, the country's steelmakers reduced steel production by 8.6% y/y

Photo – Belgium increased steel production by 28.3% m/m in December 2022
Belgium increased steel production by 28.3% m/m in December 2022

In 2022, Belgian steelmakers increased steel production by 0.4% y/y

Photo – Spain reduced steel production by 19.8% m/m in December 2022
Spain reduced steel production by 19.8% m/m in December 2022

In 2022, Spanish steelmakers produced 11.46 million tons of steel

Photo – European steelmakers cut steel production by 10.5% in 2022
European steelmakers cut steel production by 10.5% in 2022

All major steel producers in the European Union showed a significant drop in smelting

Photo – France reduced steel production by 26% m/m in December 2022
France reduced steel production by 26% m/m in December 2022

In 2022, French steelmakers reduced steel production by 13.1% y/y

Photo – Ukraine fell to 25th place in the global rating of steel production in 2022
Ukraine fell to 25th place in the global rating of steel production in 2022

During the year, Ukrainian steelmakers produced 6.26 million tons of steel

Photo – Global steel output decreased by 10.8% y/y in December 2022
Global steel output decreased by 10.8% y/y in December 2022

Total production in the CIS countries and Ukraine decreased by 28.4% y/y for the month

Photo – Shanghai will ban steel capacity additions in 2023
Shanghai will ban steel capacity additions in 2023

The use of scrap should increase to 15% by 2025

Photo – Opening China’s economy will help Indian steelmakers
Opening China’s economy will help Indian steelmakers

Rise in import prices will increase the production of steel makers in India

Photo – Turkiye lowers natural gas prices for industry by 13-17%
Turkiye lowers natural gas prices for industry by 13-17%

Lower prices will help Turkish steel producers, whose competitiveness is at a low level

Photo – Turkiye reduced steel exports by 17.7% y/y in 2022 – CIB
Turkiye reduced steel exports by 17.7% y/y in 2022 – CIB

The country's steelmakers can regain competitiveness in the second half of 2023

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