Industry News
- Global pig iron production fell to 117.3 million tons in August
106.6 million tons were produced using the blast furnace method, and 10.7 million tons using the direct reduction method
- ExclusiveGermany reduced steel production by 10.5% y/y in August
The indicator has been declining for the eighth consecutive month in annual comparison
- Egypt has imposed a temporary duty on imports of hot-rolled steel at 13.6%
Temporary duties have also been imposed on other categories, in particular billets
- Italy reduced steel production by 3.7% m/m in July
During January-July, the indicator grew by 2.8% y/y
- Spain increased steel production by 6.3% y/y in January-July
In July, steel production in the country grew by 12.9% y/y