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steel production - Latest Articles GMK Center

Photo – Spain increased steel production by 22.2% m/m in March
Spain increased steel production by 22.2% m/m in March

During the month, Spanish steelmakers produced 1.13 million tons of steel

Photo – Global steel production in March increased by 1.7% y/y
Global steel production in March increased by 1.7% y/y

Total production in the CIS countries + Ukraine for the month increased by 3% y/y

Photo – Steel demand in Spain decreased by 4% y/y in 2022
Steel demand in Spain decreased by 4% y/y in 2022

The past year was marked by a slowdown in production amid a sharp rise in energy prices

Photo – China increased steel production by 6.1% y/y in the first quarter
China increased steel production by 6.1% y/y in the first quarter

In March, Chinese steelmakers increased steel output by 6.9% y/y

Photo – Kazakhstan reduced steel production by 11.7% y/y in March
Kazakhstan reduced steel production by 11.7% y/y in March

Flat rolled production in March 2023 decreased by 8.6% year-on-year

Photo – Italy increased steel production by 2.6% y/y in March
Italy increased steel production by 2.6% y/y in March

In the first quarter, Italian steelmakers reduced steel output by 6% y/y

Photo – China will limit steel production to the level of 2022 in 2023
China will limit steel production to the level of 2022 in 2023

The plan should be announced by the end of April 2023

Photo – The UK will require reporting on the origin of steel in government projects
The UK will require reporting on the origin of steel in government projects

State projects in the country in 2020-2021 used steel worth £640 million

Photo – EU steel market is under pressure of limited supplies
EU steel market is under pressure of limited supplies

Problems of local steel plants hinder finding balance between demand and supply

Photo – The USA introduced sanctions against the Russian Metaloinvest
The USA introduced sanctions against the Russian Metaloinvest

The subsidiaries of Metaloinvest Lebedynskyi and Mykhailivskyi Minings, OEMK and the Swiss Metalloinvest Trading came under the influence of Western sanctions

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