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steel production - Latest Articles GMK Center

Photo – India increased steel imports from China to a 6-year high in April-May
India increased steel imports from China to a 6-year high in April-May

India's government is considering imposing a countervailing duty on steel imports from China amid a surge in supplies

Photo – Beltrame suspends EU production lines due to high costs
Beltrame suspends EU production lines due to high costs

The company's facilities in Italy and France are currently idle. Suspension of bar production expected in Switzerland

Photo – The costs of Italian steelmakers for electricity may increase by 35%
The costs of Italian steelmakers for electricity may increase by 35%

The Italian government is likely to abolish the exemption from electricity transmission and distribution charges for energy-intensive industries

Photo – Uzbek steel plant to launch a new line for the production of hot-rolled steel in 2024
Uzbek steel plant to launch a new line for the production of hot-rolled steel in 2024

The implementation of the project will allow Uzbekistan to become self-sufficient in the production of hot-rolled coil

Photo – China’s Tangshan calls on steel mills to cut production in July
China’s Tangshan calls on steel mills to cut production in July

The requirement is related to measures to improve air quality

Photo – Spain’s steel industry is affected by high energy costs – Unesid
Spain’s steel industry is affected by high energy costs – Unesid

Spanish steel producers also need increased government support

Photo – POSCO to invest $92 billion in environmental projects by 2030
POSCO to invest $92 billion in environmental projects by 2030

More than 60% of the budget or $56 billion will be invested in domestic enterprises, mainly in Pohang and Kwangyang

Photo – China’s blast-furnace capacity utilization reaches yearly high
China’s blast-furnace capacity utilization reaches yearly high

During June, the indicator grew steadily, reaching 91.98% by the end of the month

Photo – The profits of China’s steel industry fell by 20% y/y in May
The profits of China’s steel industry fell by 20% y/y in May

Negative indicators of Chinese steelmakers prompt them to reduce production volumes, which will reduce export opportunities and pressure on world markets

Photo – ArcelorMittal plans to restart blast furnace A at the Gijon plant in July
ArcelorMittal plans to restart blast furnace A at the Gijon plant in July

The unit was stopped on March 22, 2023, when a fire broke out during routine maintenance of the blast furnace

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