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steel production - Latest Articles GMK Center

Photo – Arvedi launched the production of carbon-free steel
Arvedi launched the production of carbon-free steel

The company has already concluded an agreement for the supply of environmentally friendly steel to the Mercedes-Benz automobile company

Photo – Emirates Steel Arkan increased its profit by more than 2 times in the first quarter
Emirates Steel Arkan increased its profit by more than 2 times in the first quarter

The profit of the steel division in January-March 2023 amounted to $37.44 million

Photo – Italian steelmakers increased revenue from steel exports by 24% y/y in 2022
Italian steelmakers increased revenue from steel exports by 24% y/y in 2022

Costs of importing steel to the country increased by 33% y/y

Photo – China’s electric arc capacity utilization drops to 3-month low
China’s electric arc capacity utilization drops to 3-month low

The utilization rate of electric arc furnaces by Chinese steelmakers as of May 4, 2023, was 50.42%

Photo – India increased its steel exports to a 13-month high in April
India increased its steel exports to a 13-month high in April

In one month, Indian steelmakers shipped 855,000 tons of steel for export

Photo – Ukrainian steelmakers increased the production of rolled products by 12.2% m/m in April
Ukrainian steelmakers increased the production of rolled products by 12.2% m/m in April

Steel production for the month increased by 8.9% m/m, and pig iron – by 16.7% m/m

Photo – Acciaierie d’Italia plans to resume operation of BF №2 in May-June
Acciaierie d’Italia plans to resume operation of BF №2 in May-June

In this way, the company expects to reduce the order fulfillment time and solve problems with the supply of ArcelorMittal slabs

Photo – ArcelorMittal has restarted the Spanish ACB plant
ArcelorMittal has restarted the Spanish ACB plant

At the same time, the company has not yet completed the cleaning of blast furnace A at the Gijon plant

Photo – China’s first-quarter steel output growth outpaced demand – CISA
China’s first-quarter steel output growth outpaced demand – CISA

Visible steel consumption in the country in the January-March increased by 1.9% y/y

Photo – ArcelorMittal for the first quarter increased its net profit by 4.2 times q/q
ArcelorMittal for the first quarter increased its net profit by 4.2 times q/q

In January-March 2023, the company's revenue increased by 9.5%

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