steel production - Latest news GMK Center

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

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

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

The work of the plant will be resumed to fulfill one order

The country's steelmakers hope for an improvement in domestic demand

Iron ore production increased by 9.2% y/y

Among the things done recently is the repair of the weight dosing verification system on the route where coke is shipped

Steel plants in the region have temporarily suspended operations to assess damage and logistical capabilities

The unit has been idle since the end of September 2022 due to uncertain economic prospects and unfavorable market conditions

Recovery of global steel prices and abolition of 15% export duty boosted export orders from India

Gradually, the country will increase the import of scrap metal, becoming the world's largest importer of such raw materials

In 2023, steel deliveries to customers are expected to grow by 1-20%