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steel production - Latest Articles GMK Center

Photo – Turkish steelmakers predict an increase in exports to the Baltics
Turkish steelmakers predict an increase in exports to the Baltics

Previously, Turkiye almost did not export steel to Estonia and Latvia, but the Russian-Ukrainian war has created new opportunities

Photo – Global output of stainless steel fell by 3.5% in the first half of 2022
Global output of stainless steel fell by 3.5% in the first half of 2022

Production declined in major regions except Asia (excluding China and South Korea) and selected countries

Photo – The USA increased steel imports by 4.4% y/y in January-September 2022
The USA increased steel imports by 4.4% y/y in January-September 2022

The import of finished steel products to the USA for the 9 months of 2022 increased by 22.5% year-on-year

Photo – SSAB to shut down one blast furnace at Finnish Raahe plant in November
SSAB to shut down one blast furnace at Finnish Raahe plant in November

The decision to reduce production from November 2022 was made amid a slowdown in steel demand in Europe

Photo – Ukraine ranked 23rd in the world in terms of steel production for 9 months of 2022
Ukraine ranked 23rd in the world in terms of steel production for 9 months of 2022

In the world ranking of iron-producing countries, Ukraine was in 14th place

Photo – Emirates Steel received 15% duty relief for Saudi Arabian market
Emirates Steel received 15% duty relief for Saudi Arabian market

ESA became the first company to be exempted from duty on steel sales in the UK

Photo – Turkish steelmakers expect an increase in steel exports to the EU from 2023
Turkish steelmakers expect an increase in steel exports to the EU from 2023

As a result of the energy crisis in Europe, the production and supply of steel is reduced, which can positively affect imports from Turkiye

Photo – ANNOUNCEMENT: Fastmarkets Middle East Iron & Steel Conference 2022
ANNOUNCEMENT: Fastmarkets Middle East Iron & Steel Conference 2022

Overview of steel production in the Middle East, analysis of raw material markets, sustainable development and factors of steel consumption in the region

Photo – Global steel production in September 2022 increased by 3.7% y/y
Global steel production in September 2022 increased by 3.7% y/y

Total production in the CIS countries and Ukraine for the month decreased by 21.9% y/y

Photo – China reduced iron ore imports by 2.3% y/y in January-September 2022
China reduced iron ore imports by 2.3% y/y in January-September 2022

In September, the import of iron ore increased by 4.3% year-on-year and increased by 3.6% compared to the previous month

Photo – ZCMP set up the production of lances for the Zaporizhstal steel production
ZCMP set up the production of lances for the Zaporizhstal steel production

Now the enterprise can independently produce up to 130 lances per month

Photo – EU steelmakers plan to raise rolled steel prices in the first quarter of 2023
EU steelmakers plan to raise rolled steel prices in the first quarter of 2023

Local producers are now continuing to discount December deliveries in hopes of securing sales amid weak demand

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