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steel production - Latest Articles GMK Center

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

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

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