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Global steel production in June 2024 increased by 0.5% compared to the same month in 2023 to 161.4 million tons. The top three steel-producing countries in June 2024, according to World Steel Association (worldsteel): China – 91.6 million tons; India – 12.3 million tons; Japan – 7 million tons. In June 2024, Ukraine produced 735 thousands tons of steel, which is 68.4% more y./y. Read more here🔽 https://lnkd.in/d-9a8gkM #GMKCenter #Ukraine #steelmakers #steel #metals #globalsteel

China is the world’s largest steel producer, which, according to the Global Energy Monitor, has about 500 steel mills of various types with a total capacity of about 1.17 billion tons of steel per year in 2023. Every year China increases steel capacity while reducing apparent steel consumption. Read more about China’s steel market in 2021-2023 in the new infographic🔽 https://lnkd.in/dBY9N6JC #GMKCenter #Ukraine #steelmakers #steel #China #metals #infographic #markets #export #import #COVID19 #pandemic #prices #trade #war #shipments

In January-June 2024, Ukraine increased imports of long steel products by 5.1% year-on-year – to 78.58 thousand tons. In June of this year, 22.1 thousand tons of long products were supplied to the Ukrainian market. The largest suppliers were: Türkiye, Poland, China, Moldova. Read more here🔽 https://lnkd.in/deHTVzTN #GMKCenter #Ukraine #steelmakers #steel #war #import #longrolledsteel #metals #shipments #logistics #markets #energy

The Polish division of global steelmaker ArcelorMittal announces a complete shutdown of its coke oven battery at its steel plant in Krakow. The unit has been in hot mothballing mode since November 2023 due to weakening steel demand. “The hot mothballing regime allowed us to resume coke production when market conditions improved. Unfortunately, this did not happen. It is very expensive to maintain the battery in this condition, mainly because of the cost of natural gas used to power the plant. It is not economically justified to continue this process in the hope that the situation will improve,” comments Wojciech Koszuta, CEO of ArcelorMittal Poland. In addition, Koszuta notes that decarbonization plans in many industries will gradually reduce demand for coke in the coming years. The majority of the unit’s 230-plus employees have been offered new jobs, and another 70 employees who supported the unit during the hot downtime will be offered transfer to other units. “Long-term, experienced employees are the backbone of our company, so we always try to offer them jobs in other positions, finance retraining and compensate for possible business trips to another of our locations,” emphasizes Stanisław Bohl, HR Director at ArcelorMittal Poland. Read more here🔽 #GMKCenter #Ukraine #steelmakers #steel #Poland #EU #Europe #Krakow #coke #markets #ArcelorMittal

This year marks the 90th anniversary of ArcelorMittal Kryvyi Rih (formerly Kryvorizhstal). It is one of ArcelorMittal’s oldest enterprises and the largest in Ukraine with a full steel cycle, including coke, mining and steel production. Its history dates back to August 4, 1934, when the first pig iron was produced in blast furnace No. 1. Since then, the company has been phasing in the commissioning of industrial facilities and production capacities. Read more here🔽 https://lnkd.in/dRYd4_Rm #GMKCenter #Ukraine #steelmakers #steel #metals #mining #iron #ore #war #investments #logistics #markers #export #import #coke #blastfurnace #pigiron #modernization #ports #transportation #prices #projects #taxes ПАО «АрселорМиттал Кривой Рог»

The global iron ore market is set to undergo a major upgrade in the near future, with a surplus forecasted by the end of the decade. The world’s largest untapped high-grade Simandou iron ore deposit in West Africa is expected to be commissioned by the end of 2025 or early 2026. This year, global iron ore production is expected to grow by 2% y/y, to over 2.5 billion tons. Global sea trade in this commodity last year amounted to about 1.6 billion tons. In 2024, ore production in South Africa will amount to about 67 million tons, while last year the region’s exports of this product amounted to about 60 million tons. With the start of production at Simandou, African seaborne iron ore exports are expected to grow rapidly – by more than three times by 2028-2030, according to some estimates. The deposit is divided into four blocks. WCS (45% controlled by Singapore’s Winning International Group and 35% by Weiqiao Aluminum, a unit of China Hongqiao Group) owns 85% of the shares in the northern part of Simandou – blocks 1 and 2. The southern part of the project, blocks 3 and 4, is being developed by the transnational corporation Rio Tinto and a joint venture of China’s Chinalco, Baowu, China Rail Construction Corporation, and China Harbor Engineering Company. At the same time, Rio Tinto has announced that production at Simfer (a joint venture between the Australian-British concern and Chinese companies) will be increased to 60 million tons per year within two and a half years. At the same time, Macquarie analysts believe that the entire Simandou project will produce only 5 million tons in 2025, but closer to 75 million tons in 2027 and 90 million tons by 2028. Simandou’s collective production could grow to more than 100 million tons by 2030. Read more here🔽 #GMKCenter #Ukraine #steelmakers #steel #mining #iron #ore #markets #trade #project #prices #export #import

In June 2024, German steelmakers increased steel production by 8.9% compared to the same month in 2023, to 3.19 million tons. Compared to the previous month, the figure remained at the same level Read more here🔽 https://lnkd.in/e-2RtD4P #GMKCenter #Ukraine #steelmakers #steel

Turkish steelmaker Tosyal Holding and the Libyan United Steel Company (SULB) have signed an agreement to build the world’s largest DRI complex in Benghazi, Libya Read more here🔽 https://lnkd.in/gyATbAg6 #GMKCenter #Ukraine #steelmakers #steel

Italian steelmakers reduced steel production by 3.6% in June 2024 compared to the previous month, to 1.85 million tons. The figure fell by 3% compared to the same month in 2023 Read more here🔽 https://lnkd.in/eCtmy55B #GMKCenter #Ukraine #steelmakers #steel

In January-June 2024, Ukraine increased imports of flat rolled products by 21.5% compared to the same period in 2023 – up to 474.28 thousand tons Read more here🔽 https://lnkd.in/ead4Pk3n #GMKCenter #Ukraine #steelmakers #steel