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steel production - Latest Articles GMK Center

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

Photo – ISA: India’s crude steel production expected to touch nearly 134 mln t in CY’23
ISA: India’s crude steel production expected to touch nearly 134 mln t in CY’23

India produced about 124.5 million tons of crude steel in 2022, while finished steel production stood at 117.8 million tons

Photo – China cut iron ore imports by 1.5% y/y in 2022
China cut iron ore imports by 1.5% y/y in 2022

In December 2022, supplies of steel raw materials to the country decreased by 8.1% m/m

Photo – Liberty Steel UK will concentrate on the production of high-margin products
Liberty Steel UK will concentrate on the production of high-margin products

Due to uncompetitiveness, the company will stop several factories that produce unprofitable products

Photo – Kametstal carried out 80 overhauls in production units in 2022
Kametstal carried out 80 overhauls in production units in 2022

Also, during the year, the enterprise carried out 638 planned and preventive repairs

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