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steel production - Latest Articles GMK Center

Photo – Tata Steel’s European production in October-December 2022 fell by 12.5% ​​y/y
Tata Steel’s European production in October-December 2022 fell by 12.5% ​​y/y

The indicator fell by 6.3% compared to the second quarter of the 2022/2023 financial year

Photo – Ukrainian steelmakers produced 5.35 million tons of rolled steel in 2022
Ukrainian steelmakers produced 5.35 million tons of rolled steel in 2022

In 2022, pig iron production amounted to 6.39 million tons, and steel Ukrainian steelmakers produced 5.35 million tons of rolled steel in 2022 6.26 million tons

Photo – China reduced steel production by 2.2% y/y in 2022 — CISA
China reduced steel production by 2.2% y/y in 2022 — CISA

Steel exports in 2022 are expected to grow by 1% y/y

Photo – India reduced steel exports by 45% y/y in December 2022
India reduced steel exports by 45% y/y in December 2022

In December, steel imports into the country increased to a 3-year high – by 65% ​​y/y

Photo – The Italian government has approved the provision of €1 billion to rescue Acciaierie d’Italia
The Italian government has approved the provision of €1 billion to rescue Acciaierie d’Italia

Investments will be directed to the restart of production processes and ensuring employment and higher results of the enterprise

Photo – The UK will need 10 million tons of steel by 2030 for energy security
The UK will need 10 million tons of steel by 2030 for energy security

About 3.5 million tons will be needed for solar and nuclear power plants

Photo – Turkiye’s steel industry will end 2022 with a drop in production by more than 13%
Turkiye’s steel industry will end 2022 with a drop in production by more than 13%

The main reasons for the decline in steel production are low demand and high energy costs

Photo – Turkiye announced a 16% discount on electricity for industry
Turkiye announced a 16% discount on electricity for industry

The energy market regulatory body also reduced the maximum price of electricity on the free market to 4.2 thousand lira/MWh

Photo – The level of utilization of steelmaking capacities in Turkiye has fallen to 50% – TCUD
The level of utilization of steelmaking capacities in Turkiye has fallen to 50% – TCUD

Loads of steel mills have decreased due to falling global demand for steel and rising electricity costs

Photo – The Christmas shutdown of rolled steel production in Italy will last 2-3 weeks
The Christmas shutdown of rolled steel production in Italy will last 2-3 weeks

This winter, the stops will be longer due to the unfavorable market conditions

Photo – Metinvest set up the production of 24 new types of products in 2022
Metinvest set up the production of 24 new types of products in 2022

The largest number of steel products was launched in the segment of rolled products – 8 units

Photo – The revenues of Chinese steelmakers for the 11 months of 2022 fell by 94.5% y/y
The revenues of Chinese steelmakers for the 11 months of 2022 fell by 94.5% y/y

In the sector of mining and beneficiation of ferrous metals, profits decreased by 27.6% y/y

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