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steel production - Latest Articles GMK Center

Photo – Tata Steel Europe notes improvement in rolling stock deliveries in Q1
Tata Steel Europe notes improvement in rolling stock deliveries in Q1

In January-March 2023, the company increased the shipment of rolled steel to customers by 7% q/q

Photo – China seeks to reduce excess steelmaking capacity
China seeks to reduce excess steelmaking capacity

The country's steel plants have not yet shown signs of reducing production

Photo – JSW Steel increased steel output by 25% y/y in 2022-2023 financial year
JSW Steel increased steel output by 25% y/y in 2022-2023 financial year

In the 4th quarter of the 2022-2023 financial year, the production of unrefined steel increased by 12% y/y

Photo – ArcelorMittal Eisenhüttenstadt plans to build an electrolysis plant for €5 million
ArcelorMittal Eisenhüttenstadt plans to build an electrolysis plant for €5 million

The implementation of the project is planned for 2024. The capacity of the installation will be 2 MW

Photo – Tata Steel increased steel output by 4% y/y in 2022-2023 financial year
Tata Steel increased steel output by 4% y/y in 2022-2023 financial year

In the fourth quarter of the last fiscal year, the company increased steel production by 5.1% y/y

Photo – Liberty Steel ordered electric arc furnace for Australian plant
Liberty Steel ordered electric arc furnace for Australian plant

The company is also planning a direct reduction plant with a capacity of 1.8 Mt

Photo – Turkish Kardemir plans to invest $1 billion over five years
Turkish Kardemir plans to invest $1 billion over five years

In 2023, the company will complete 13 different environmental investments

Photo – The world production of stainless steel fell by 5.2% y/y in 2022
The world production of stainless steel fell by 5.2% y/y in 2022

The largest drop in stainless steel production was recorded in the USA – by 14.8% y/y

Photo – ArcelorMittal Dunkirk will operate on one blast furnace
ArcelorMittal Dunkirk will operate on one blast furnace

Recently, there was a fire at one of the three blast furnaces of the plant. The company is evaluating the consequences and cause of the incident

Photo – Turkiye has reduced gas prices for industry by 20% since April
Turkiye has reduced gas prices for industry by 20% since April

This is the third decrease in gas prices in the country in 2023. In February, gas for industry became cheaper by 13-17%, and in March – by 21-26%

Photo – Belgium reduced steel production by 9.3% m/m in February
Belgium reduced steel production by 9.3% m/m in February

In January-February 2023, Belgian steelmakers reduced steel production by 1.3% y/y

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