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steel production - Latest Articles GMK Center

Photo – Germany reduced steel production by 15.4% y/y in September 2022
Germany reduced steel production by 15.4% y/y in September 2022

In January-September 2022, German steelmakers reduced steel output by 6% y/y

Photo – German rerollers fear bankruptcy due to energy costs
German rerollers fear bankruptcy due to energy costs

More than half of Germany's sheet steel producers could lose existing electricity contracts by 2023

Photo – Italy reduced steel production by 19% y/y in September 2022
Italy reduced steel production by 19% y/y in September 2022

In January-September 2022, steel production decreased by 11.1% y/y

Photo – JSW Steel and Smartex will become partners in the decarbonization of steel production
JSW Steel and Smartex will become partners in the decarbonization of steel production

JSW plans to reduce CO2 emissions intensity by 42% by 2030 compared to 2005 base year

Photo – ArcelorMittal and Nippon Steel have turned their attention to India and Thailand
ArcelorMittal and Nippon Steel have turned their attention to India and Thailand

Companies are expanding operations in these countries against the background of the energy crisis in Europe and weakening demand in Japan

Photo – TCUD expects Turkish steel output to fall by 10% in 2022
TCUD expects Turkish steel output to fall by 10% in 2022

Over the last three months of 2022, the capacity utilization rate has dropped to 60%

Photo – French Aperam applies energy surcharges to its contracts
French Aperam applies energy surcharges to its contracts

Starting from October 2022, the company increased the product cost surcharges to €639/t compared to €480/t a month earlier

Photo – Steel imports from Russia negatively affected prices in China
Steel imports from Russia negatively affected prices in China

In September 2022, China imported 895,000 tons of steel

Photo – Turkish steel producer İçdaş invests $977 million in capacity expansion
Turkish steel producer İçdaş invests $977 million in capacity expansion

This project has already been approved by the Ministry of Environment and Urbanization of Turkiye

Photo – German steelmakers expect steel prices to fall in October 2022
German steelmakers expect steel prices to fall in October 2022

Producers will reduce product prices amid falling electricity costs

Photo – India’s rolled products exports fell by 54% y/y in the first half of FY2022/2023
India’s rolled products exports fell by 54% y/y in the first half of FY2022/2023

Steel production in India in April-September 2022 increased by 7% year-on-year

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