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steel production - Latest Articles GMK Center

Photo – Salzgitter declared a force majeure for steel supplies due to weather conditions
Salzgitter declared a force majeure for steel supplies due to weather conditions

After heavy rains and floods in Germany, the company warned of production cuts and delivery delays

Photo – Austria reduced steel production by 5.2% y/y in January-May
Austria reduced steel production by 5.2% y/y in January-May

In May, Austrian steel companies reduced steel production by 1% y/y, but increased it by 1.4% m/m

Photo – World steel industry needs global standards for green steel – SDI
World steel industry needs global standards for green steel – SDI

The lack of common standards reduces the benefits for manufacturers of such products

Photo – Belgium increased steel production by 14% m/m in May
Belgium increased steel production by 14% m/m in May

In January-May, Belgian steelmakers reduced steel production by 10.9% y/y

Photo – The Czech billionaire is interested in acquiring a stake in Thyssenkrupp Steel
The Czech billionaire is interested in acquiring a stake in Thyssenkrupp Steel

The energy company of the potential investor can act as a supplier of energy resources for Thyssenkrupp

Photo – Poland reduced steel production by 1.5% m/m in May
Poland reduced steel production by 1.5% m/m in May

In January-May, the country's steelmakers reduced steel production by 11.4% y/y

Photo – Spain increased steel production by 10% m/m in May
Spain increased steel production by 10% m/m in May

During the month, Spanish steelmakers produced 1.45 million tons of steel

Photo – France reduced steel production by 14.1% m/m in May
France reduced steel production by 14.1% m/m in May

The production rate fell by 33.2% y/y

Photo – Turkiye increased steel production by 7.5% m/m in May
Turkiye increased steel production by 7.5% m/m in May

During the month, Turkish steelmakers produced 2.88 million tons of steel

Photo – Global steel production decreased by 5.1% y/y in May
Global steel production decreased by 5.1% y/y in May

Total production in the CIS countries + Ukraine for the month increased by 11.5% y/y

Photo – Germany increased steel production by 2.7% m/m in May
Germany increased steel production by 2.7% m/m in May

In May, the production of pig iron in the country increased by 1.4% m/m

Photo – Weather conditions in China may adjust demand for steel and iron ore
Weather conditions in China may adjust demand for steel and iron ore

Unfavorable weather slowed down work at a number of construction sites

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