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steel production - Latest Articles GMK Center

Photo – Italy reduced steel production by 9.5% y/y in May
Italy reduced steel production by 9.5% y/y in May

In January-May, Italian steelmakers reduced steel output by 7.9% y/y

Photo – Kazakhstan reduced steel production by 4.8% m/m in May
Kazakhstan reduced steel production by 4.8% m/m in May

In January-May, the country's steel enterprises reduced steel production by 9.4% y/y

Photo – Industrial production in China’s steel industry grew by 3.1% y/y in May
Industrial production in China’s steel industry grew by 3.1% y/y in May

Since the beginning of the year, the indicator of industrial production in the steel sector has increased by 5% y/y

Photo – Italy’s visible long steel consumption in 2022 fell by 6.8% y/y
Italy’s visible long steel consumption in 2022 fell by 6.8% y/y

The export of graded products from Italy fell by 11.3% y/y, and the import – by 3.3% y/y

Photo – China in January-May increased steel production by 1.6% y/y
China in January-May increased steel production by 1.6% y/y

In May, Chinese steelmakers reduced their steel output by 7.3% y/y

Photo – Germany promises to support the country’s steel industry
Germany promises to support the country’s steel industry

The government is going to promote the decarbonization of production processes in steel sector

Photo – JSW Steel increased steel production by 8% y/y in May
JSW Steel increased steel production by 8% y/y in May

In this period, the company's Indian enterprises increased steel production by almost 6% y/y

Photo – China’s Baowu Group became the largest steel producer in 2022
China’s Baowu Group became the largest steel producer in 2022

Last year, the company increased steel production by 1% y/y

Photo – Voestalpine is counting on financing from Austria for the ecological transition
Voestalpine is counting on financing from Austria for the ecological transition

An application for receiving funds will be submitted in June, a decision is expected in the fall

Photo – Germany reduced the consumption of scrap by 10% y/y in 2022
Germany reduced the consumption of scrap by 10% y/y in 2022

The fall is caused by a sharp reduction in steel production at electric steelmaking plants

Photo – EU could become scrap importer in less than 5 years – forecast
EU could become scrap importer in less than 5 years – forecast

Global steel industry is increasingly focused on steel production in EAF

Photo – The situation in China’s steel sector may remain unstable
The situation in China’s steel sector may remain unstable

In April, the country's steelmakers faced a sharp drop in steel prices

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