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steel production - Latest Articles GMK Center

Photo – Türkiye to refuse investments in new steel projects
Türkiye to refuse investments in new steel projects

Due to the increase in electricity tariffs, Turkish steelmakers are trying to maintain their existing production capacity

Photo – The Pakistani government has received a request from China to buy PSMC for $1.5 billion
The Pakistani government has received a request from China to buy PSMC for $1.5 billion

Representatives of four Chinese companies visited Pakistan with the aim of acquiring a controlling stake in the Pakistan Steel Corporation

Photo – Saudi Arabia to build three steel plants for $9.3 billion
Saudi Arabia to build three steel plants for $9.3 billion

The total production capacity of the enterprises will be more than 6 million tons of steel products per year

Photo – ArcelorMittal has no plans to stop production in Luxembourg
ArcelorMittal has no plans to stop production in Luxembourg

The plant has enough orders to continue its activities, the CEO of ArcelorMittal Luxembourg claims

Photo – Japan’s JFE Steel and India’s JSW are planning a joint venture
Japan’s JFE Steel and India’s JSW are planning a joint venture

The second largest steel company in Japan is looking to expand its presence in the Indian market

Photo – Steel production in China’s seven leading provinces fell by 6% y/y in January-July 2022
Steel production in China’s seven leading provinces fell by 6% y/y in January-July 2022

The indicators were affected by the Chinese government's desire for decarbonization, lockdowns and problems in the real estate sector

Photo – European demand for imported steel increased against the backdrop of high domestic prices
European demand for imported steel increased against the backdrop of high domestic prices

Due to the increase in energy costs, local producers are forced to raise the prices of their products

Photo – The European energy crisis created new opportunities for Asian steel producers
The European energy crisis created new opportunities for Asian steel producers

Also, the rise in energy prices and the war in Ukraine put the ambitious green transition of European steelmakers on pause

Photo – Slovenia’s SIJ Group will reduce production by the end of 2022
Slovenia’s SIJ Group will reduce production by the end of 2022

In September, the company plans to reduce production by a third, and in the fourth quarter – by 40%

Photo – ArcelorMittal’s problems in Europe will not affect the company’s activities in China
ArcelorMittal’s problems in Europe will not affect the company’s activities in China

The partial shutdown of the corporation's blast furnaces in Europe will not hinder the expansion of production at its Chinese VAMA plant

Photo – Ascometal Swiss Steel announced the shutdown of two French steel plants
Ascometal Swiss Steel announced the shutdown of two French steel plants

In November and December, the company will stop production at the plants in Fosse-sur-Mer and Agondanges

Photo – POSCO shut down a plant in South Korea due to a fire
POSCO shut down a plant in South Korea due to a fire

The fire at the Pohang Iron and Steel Co. plant caused by a typhoon led to gas leak

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