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Photo – ArcelorMittal is on the edge of shutdown due to port blockade and low steel prices
ArcelorMittal is on the edge of shutdown due to port blockade and low steel prices

According to the head of the company, it is unprofitable to export steel by land to Europe

Photo – Turkey increased electricity and natural gas prices for industrial users by 50%
Turkey increased electricity and natural gas prices for industrial users by 50%

Local steelmakers are considering the possibility of stopping production against the background of rising energy costs and low prices for finished products

Photo – ArcelorMittal postponed the lauch of an ACB plant in Spain due to low demand
ArcelorMittal postponed the lauch of an ACB plant in Spain due to low demand

The company decided not to resume the plant's operation after summer maintenance

Photo – Italy reduced steel production by 27% y/y in July
Italy reduced steel production by 27% y/y in July

In January-July 2022, steel production decreased by 7.3% y/y

Photo – Italian long steel companies to stop production due to the energy crisis
Italian long steel companies to stop production due to the energy crisis

Factories may idle capacity after summer shutdowns for repairs if buyers refuse to accept higher prices

Photo – Tata Steel has received permission to build a steel plant in Ludhiana
Tata Steel has received permission to build a steel plant in Ludhiana

The company plans to invest $325.8 million in the construction of a new electro-steel plant

Photo – The USA increased steel imports by 10% in January-July
The USA increased steel imports by 10% in January-July

The import of finished steel products increased by 31.8% in the first half of 2022

Photo – The Indian government obliged steelmakers to reduce emissions by 40% by 2030
The Indian government obliged steelmakers to reduce emissions by 40% by 2030

India's steel minister calls on companies to switch to electric steelmaking instead of BOF's production

Photo – Global steel production fell by 6.5% y/y in July
Global steel production fell by 6.5% y/y in July

Total production in the CIS countries and Ukraine decreased by 29.1% for the month

Photo – Germany cut steel production by 6.9% in July
Germany cut steel production by 6.9% in July

According to the results of January-July, German steelamakers reduced steel output by 5.1%

Photo – Steel production in China fell by 6.4% in July
Steel production in China fell by 6.4% in July

The total volume of production was 81.4 million tons

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