Industry News
- ArcelorMittal and China Oriental set up an electric steel plant in China
Companies are joining forces to produce electrical steel in China, investing in modern technology and environmentally friendly materials
- Italy increased steel production by 9% m/m in October
For 10 months, Italian steelmakers have reduced production by 4.7% y/y
- Global trade unions are concerned about large-scale job losses in the steel industry
Workers' representatives are calling for increased state investment to support steelmakers
- Russian steelmakers maintain strong positions in EU market despite sanctions – Metinvest
Ukrainian producers face competition from the Russian Federation, in particular due to cheap Russian slabs supplied to the EU
- Ukrainian steel products consumption decreased to 2.62 million tons in January-October
More than 39.3% or 1.04 million tons are imported