icon

steel production - Latest Articles GMK Center

Photo – Steel production in the UK will fall below 7 million tons in 2022 – ISSB
Steel production in the UK will fall below 7 million tons in 2022 – ISSB

The fall in steel production in the UK is taking place against the background of relevant global trends

Photo – European steel producers fear a deepening recession due to the energy crisis
European steel producers fear a deepening recession due to the energy crisis

The steel sector replenishes the budgets of European countries with tens billions of euros, but mass shutdowns of capacities will negatively affect the amount of tax revenues

Photo – Global DRI production increased by 14% in 2021
Global DRI production increased by 14% in 2021

The Middle East and Asia are the largest producers of DRI – 54.8 million tons and 39.5 million tons, respectively

Photo – US steel producers forecast a decline in profits in the third quarter of 2022
US steel producers forecast a decline in profits in the third quarter of 2022

Steelmakers explain this by a drop in the price and volume of rolled steel shipments

Photo – Germany cut steel production by 2.3% in August 2022
Germany cut steel production by 2.3% in August 2022

In January-August 2022, German steelmakers reduced steel output by 4.8%

Photo – Essar Group invests $4 billion in a steel plant in Saudi Arabia
Essar Group invests $4 billion in a steel plant in Saudi Arabia

The project to be completed by the end of 2025

Photo – Global steel output in August 2022 decreased by 3% y/y
Global steel output in August 2022 decreased by 3% y/y

Total production in the CIS countries and Ukraine decreased by 22.4% y/y for the month

Photo – India’s Adani Group to enter the steel market through the acquisition of RINL
India’s Adani Group to enter the steel market through the acquisition of RINL

Indian government approved the sale of 100% state-owned RINL's shares

Photo – Italy cut steel production by 42% y/y in August 2022
Italy cut steel production by 42% y/y in August 2022

In January-August 2022, steel production decreased by 10% y/y

Photo – The Indian steel minister calls for support the country’s steel industry
The Indian steel minister calls for support the country’s steel industry

The Ministry of Finance is proposed to cancel import duties on various steel raw materials

Photo – The Hungarian steel mill Dunaferr was forced to stop production
The Hungarian steel mill Dunaferr was forced to stop production

The reason was the refusal of the Austrian Donau Brennstoffkontor GmbH to supply coke

Photo – Decarbonization of global iron and steel industry by 2050 will cost $1.4 trillion
Decarbonization of global iron and steel industry by 2050 will cost $1.4 trillion

The measures include the modernization of the existing steel production infrastructure and the development of new deposits with high-quality iron ore

1 … 29 30 31 32 33 … 44