icon

steel production - Latest Articles GMK Center

Photo – ArcelorMittal launches carbon capture and utilization project at Ghent plant
ArcelorMittal launches carbon capture and utilization project at Ghent plant

The first plant of this type in the European steel industry cost the company €200 million

Photo – China reduced iron ore imports by 2.1% y/y in January-November 2022
China reduced iron ore imports by 2.1% y/y in January-November 2022

In November 2022, the iron ore import decreased by 5.8% year-on-year and by 4.1% more compared to the previous month

Photo – Slovakia’s US Steel Kosice has shut down the second of its three blast furnaces until 2023
Slovakia’s US Steel Kosice has shut down the second of its three blast furnaces until 2023

The shutdown of the unit is due to high electricity costs and a drop in demand for finished products

Photo – Romania’s Liberty Galati is shutting down its blast furnace for maintenance until 2023
Romania’s Liberty Galati is shutting down its blast furnace for maintenance until 2023

Investments in unit maintenance are planned at the level of $3.9 million

Photo – Steel prices in China will be pressured by weak demand until the end of 2022
Steel prices in China will be pressured by weak demand until the end of 2022

Quotations of steel products are likely to fall by the end of the year despite the government's efforts to support the industry

Photo – Turkiye reduced steel production by 17.8% y/y in October 2022
Turkiye reduced steel production by 17.8% y/y in October 2022

Steel production fell by 10.1% year-on-year in 10 months

Photo – The UK’s trade unions are calling on the government to support the steel industry
The UK’s trade unions are calling on the government to support the steel industry

The UK's industry will not be able to compete if it pays twice as much as the EU for electricity

Photo – Turkish steelmakers fear India’s entry into the local steel market
Turkish steelmakers fear India’s entry into the local steel market

The abolition of the export duty on steel in India may increase the import of cheaper products to the domestic market of Turkiye

Photo – Steel sales in Germany fell to a 10-month low in October
Steel sales in Germany fell to a 10-month low in October

Inventories of steel products of all categories also decreased in October by 1% y/y – to 2.16 million tons

Photo – Some European countries increased steel production in October 2022
Some European countries increased steel production in October 2022

In France it increased by 14.7%, in Germany – by 10.5%

Photo – The cost of energy continues to affect Turkish steelmakers – CIB
The cost of energy continues to affect Turkish steelmakers – CIB

The share of energy costs in the steel industry increased from 7% to 27%

Photo – HRC prices in Italy increased by €20/t amid rising demand
HRC prices in Italy increased by €20/t amid rising demand

In general, on the European hot-rolled market trade of products is limited. Restocking is expected no earlier than next year

1 … 22 23 24 25 26 … 44