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steel production - Latest Articles GMK Center

Photo – Global steel output in November 2022 decreased by 2.6% y/y
Global steel output in November 2022 decreased by 2.6% y/y

Total production in the CIS countries and Ukraine for the month decreased by 24.6% y/y

Photo – The global output of stainless steel fell by 5.1% y/y in January-September 2022
The global output of stainless steel fell by 5.1% y/y in January-September 2022

The largest drop in stainless steel production was recorded in the USA – by 13.2% y/y

Photo – The EIB granted Danieli a loan of €350 million for the modernization of two ABS plants
The EIB granted Danieli a loan of €350 million for the modernization of two ABS plants

€227.5 million will be allocated to the Italian plant Acciaierie Bertoli SpA and the Croatian Acciaierie Bertoli Safu Sisak doo

Photo – The Stalkanat plant is operating at 10% capacity due to limited energy supply
The Stalkanat plant is operating at 10% capacity due to limited energy supply

The company is considering the possibility of installing a generator at the enterprise to stabilize work

Photo – The OECD expects the growth of global steel capacity by 5.9% by 2025
The OECD expects the growth of global steel capacity by 5.9% by 2025

Continuous investment activity provokes an excess of steelmaking capacity, especially in Asia

Photo – Impact of Russian-Ukrainian war on global iron & steel trade flows
Impact of Russian-Ukrainian war on global iron & steel trade flows

Disruptions in supply chain are not the main problem now. War worsens current economic situation globally

Photo – The reduction of electricity costs made it easier for German steelmakers
The reduction of electricity costs made it easier for German steelmakers

The autumn months adjusted the cost of electricity by an average of €300 MWh from the peak price in August 2022 – to €150 MWh

Photo – A clear industrial plan is needed to save Acciaierie d’Italia
A clear industrial plan is needed to save Acciaierie d’Italia

The volume of steel production at the plant in Taranto in 2021 amounted to only 3 million tons

Photo – China reduced steel production by 1.4% y/y in January-November 2022
China reduced steel production by 1.4% y/y in January-November 2022

During this period, the production of steel products fell by 0.7% y/y, and pig iron – by 0.4% y/y

Photo – Scrap demand in Italy will fall at the beginning of 2023 due to shutdowns of steel plants
Scrap demand in Italy will fall at the beginning of 2023 due to shutdowns of steel plants

Longer shutdowns of steelmakers for maintenance will affect scrap consumption in the first quarter of 2023

Photo – Montenegrin EPCG to purchase the Turkish Tosyali steel plant for €20 million
Montenegrin EPCG to purchase the Turkish Tosyali steel plant for €20 million

Toscelik Niksic produces non-alloy steel, roller-bearing steel, tool steel, and heat-resistant steel

Photo – Ukrainian steelmakers produced 222,000 tons of rolled steel in November 2022
Ukrainian steelmakers produced 222,000 tons of rolled steel in November 2022

Pig iron smelting in November 2022 amounted to 335 thousand tons, and steel – 313 thousand tons

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