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steel production - Latest Articles GMK Center

Photo – Austria reduced steel production by 6.5% m/m in April
Austria reduced steel production by 6.5% m/m in April

In January-April, Austrian steel companies reduced steel output by 6.3% y/y

Photo – India to introduce 40 million tons of new steelmaking capacity by FY2025/2026
India to introduce 40 million tons of new steelmaking capacity by FY2025/2026

Domestic steelmaking capacity is expected to reach 255 million tons by 2030/2031 financial year

Photo – ArcelorMittal Temirtau increased the capacity of sheet rolling shop №1
ArcelorMittal Temirtau increased the capacity of sheet rolling shop №1

The plant reached the maximum production rate in the last ten years – 42 thousand tons of sheet steel per month

Photo – Turkish Kocaer Celik resumes production at A2 plant
Turkish Kocaer Celik resumes production at A2 plant

The pause in production was used to modernize the division and commission new equipment

Photo – Belgium reduced steel production by 20.4% m/m in April
Belgium reduced steel production by 20.4% m/m in April

In January-April, Belgian steelmakers reduced steel production by 10.5% y/y

Photo – POSCO has completed construction of a high-strength steel processing plant in China
POSCO has completed construction of a high-strength steel processing plant in China

The company plans to double sales of these products by 2027

Photo – Poland reduced steel production by 26% m/m in April
Poland reduced steel production by 26% m/m in April

In January-April, the country's steelmakers reduced steel production by 10.8% y/y

Photo – Steel stocks of Chinese steelmakers decreased by 12.3% m/m in mid-May
Steel stocks of Chinese steelmakers decreased by 12.3% m/m in mid-May

As of mid-May, steel stocks at the main steel enterprises of the PRC amounted to 16.26 million tons

Photo – Turkiye reduced steel production by 1.3% m/m in April
Turkiye reduced steel production by 1.3% m/m in April

During the month, Turkish steelmakers produced 2.68 million tons of steel

Photo – Global steel production fell by 2.4% y/y in April
Global steel production fell by 2.4% y/y in April

Total production in the CIS countries + Ukraine for the month increased by 5.9% y/y

Photo – ASEAN countries will grapple with the prospect of steel oversupply
ASEAN countries will grapple with the prospect of steel oversupply

Expansion investments are more focused on blast furnace production

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