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steel production - Latest Articles GMK Center

Photo – Global steel output down 5.9% in June
Global steel output down 5.9% in June

Total production in the CIS countries and Ukraine decreased by 34.3% over the month

Photo – Taiwanese steelmakers study countermeasures against steel imports from Russia
Taiwanese steelmakers study countermeasures against steel imports from Russia

Local China Steel Corp. declares sales of products to the Russian Federation at prices that are much lower than international ones

Photo – Kametstal repaired two ore grab loaders
Kametstal repaired two ore grab loaders

Repair work was carried out at the charge preparation area in the sinter shop

Photo – Germany reduced steel production by 7% in June
Germany reduced steel production by 7% in June

According to the results of January-June, German steelworkers reduced steel output by 5.5%

Photo – Dniprospetsstal resumed production by 55%
Dniprospetsstal resumed production by 55%

In case of solving logistical problems, the plant intends to increase production volumes up to 75%

Photo – Decline in European steel prices slowed down in July – MEPs
Decline in European steel prices slowed down in July – MEPs

Analysts suggest negative market bottom may have already been reached

Photo – Kametstal launched axle rolling mill in July
Kametstal launched axle rolling mill in July

The unit was put into operation for the first time this year after receiving an order for axles for car builders

Photo – Italy in the first half of the year reduced steel production by 4%
Italy in the first half of the year reduced steel production by 4%

June production was 14.2% lower than the same month in 2021

Photo – Steelmakers around the world are shutting down capacity due to falling demand
Steelmakers around the world are shutting down capacity due to falling demand

EU steel companies are waiting for an increase in demand and a rise in steel prices in the fall, but this may not happen

Photo – Importers used a third of EU quarterly steel quotas
Importers used a third of EU quarterly steel quotas

Steel import activity in Europe remains stable despite weak domestic demand in recent months

Photo – Voestalpine increased revenue by 33% in the first quarter
Voestalpine increased revenue by 33% in the first quarter

Quarterly results significantly exceeded market expectations

Photo – Orie Galvametal started designing a new galvanizing plant in Belarus
Orie Galvametal started designing a new galvanizing plant in Belarus

To launch a hot-dip galvanizing plant, they plan to purchase Iranian equipment

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