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steel production - Latest news GMK Center

Photo – Steel consumption in China in 2022 decreased by 3.3% y/y
Steel consumption in China in 2022 decreased by 3.3% y/y

The indicator has been decreasing for the second year in a row

Photo – Zaporizhstal operated at 50% during 2022 due to logistical limitations
Zaporizhstal operated at 50% during 2022 due to logistical limitations

At the end of the year, the plant's capacity was further reduced due to a shortage of electricity

Photo – Tata Steel starts plant construction with EAF in India
Tata Steel starts plant construction with EAF in India

The enterprise will produce 750 thousand tons of steel per year

Photo – Sweden reduced steel production by 6% y/y in 2022
Sweden reduced steel production by 6% y/y in 2022

In December, steel production in the country decreased by 20% y/y

Photo – UK considers introduction of CBAM analogue to protect steel industry
UK considers introduction of CBAM analogue to protect steel industry

Duty could be a part of British Steel and Tata Steel UK support package

Photo – Acciaierie d’Italia to produce 4 million tons of crude steel in 2023
Acciaierie d’Italia to produce 4 million tons of crude steel in 2023

Thanks to the support of the state, the Italian steel enterprise sets ambitious goals for the coming years

Photo – Germany reduced steel production by 14.6% y/y in December 2022
Germany reduced steel production by 14.6% y/y in December 2022

In 2022, German steelmakers reduced steel production by 8.4% y/y

Photo – Prices for rolled steel in Ukraine increased by 26% in 2022 – USCC
Prices for rolled steel in Ukraine increased by 26% in 2022 – USCC

A sharp jump in prices took place in January-May 2022, mainly due to a significant increase in the dollar exchange rate

Photo – US Steel Kosice resumed operation of the blast furnace after a month and a half of downtime
US Steel Kosice resumed operation of the blast furnace after a month and a half of downtime

The unit was forced to stop due to high energy prices, low market demand and a sharp increase in imports

Photo – Italy reduced steel production by 11.5% y/y in 2022
Italy reduced steel production by 11.5% y/y in 2022

In December, steel output decreased by 15.6% year-on-year

Photo – Serbian steel plant Metalfer invests €21.4 million in decarbonization of capacities
Serbian steel plant Metalfer invests €21.4 million in decarbonization of capacities

The funds provided by the EBRD will be used for the construction of a new rolling mill and a solar power plant

Photo – Kazakhstan reduced steel production by 8.5% y/y in 2022
Kazakhstan reduced steel production by 8.5% y/y in 2022

In December, Kazakhstan's steelmakers reduced steel production by 25.7% y/y

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