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steel production - Latest Articles GMK Center

Photo – Turkiye reduced steel exports by 53% y/y in March
Turkiye reduced steel exports by 53% y/y in March

In the first quarter, Turkish steelmakers reduced the shipment of products for export by 48.3%

Photo – ArcelorMittal Dunkirk plans to restart BF №4 in June 2023
ArcelorMittal Dunkirk plans to restart BF №4 in June 2023

In March, the unit suffered from a fire. Currently, the blast furnace has been cleared of the consequences of the incident by 70%

Photo – Turkiye left gas prices for industry unchanged in May
Turkiye left gas prices for industry unchanged in May

Since the beginning of 2023, the cost of natural gas in the country has decreased three times, reaching a 52.4-63.6% decrease by October 2022

Photo – US Steel Kosice reduced steel shipments by 20% y/y in the first quarter
US Steel Kosice reduced steel shipments by 20% y/y in the first quarter

In January-March, steel production increased by 0.3% y/y

Photo – Baosteel, Saudi Aramco and PIF will build a steel plant in Saudi Arabia
Baosteel, Saudi Aramco and PIF will build a steel plant in Saudi Arabia

The enterprise is planned to be commissioned by the end of 2026

Photo – POSCO increased steel production by 6% q/q in the first quarter
POSCO increased steel production by 6% q/q in the first quarter

In January-March, steel sales increased by 8% q/q

Photo – Baosteel predicts a slight decline in China’s steel production in 2023
Baosteel predicts a slight decline in China’s steel production in 2023

In the first quarter, the company lowered its net profit due to weak demand

Photo – Turkiye’s steel sector will recover in the coming months
Turkiye’s steel sector will recover in the coming months

The level of capacity utilization in the industry in January-March 2023 fell to 53%

Photo – Belgium increased steel production by 9.2% m/m in March
Belgium increased steel production by 9.2% m/m in March

In January-March, Belgian steelmakers reduced steel production by 4.7% y/y

Photo – SSAB expects stable demand for steel in the second quarter
SSAB expects stable demand for steel in the second quarter

The company's operating profit in January-March 2023 amounted to SEK 4.73 billion

Photo – CISA urges China’s steelmakers to curb production
CISA urges China’s steelmakers to curb production

The country's steel producers have faced weaker demand and rising costs

Photo – Emirates Steel Arkan interested in ThyssenKrupp’s steel division
Emirates Steel Arkan interested in ThyssenKrupp’s steel division

One option involves the acquisition of a minority stake in ThyssenKrupp Steel

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