GMK Center’s Post

Due to weak domestic demand, China has been rapidly increasing steel exports to many regional markets over the past two years. This forces many countries to react – to initiate anti-dumping investigations as quickly as possible and to introduce safeguard measures if they have not yet been taken. Already in the medium term, this threatens a trade war ‘all against all’ and the need to find some kind of global compromise given the complex challenges of decarbonisation of the global steel industry. Read more here🔽 https://lnkd.in/d8jUx3ue #GMKCenter #Ukraine #steelmakers #steel #markets #China #export #import #globalsteel #industry #decarbonisation #protectionism #metals #trade #HRC #war #mining #iron #ore

In January-August 2024, Ukrainian ferroalloy enterprises reduced production by 4.6 times compared to the same period in 2023 – to 41.05 thousand tons from 187.13 thousand tons. Pokrovsk Mining and Processing Plant (PGOK) and Marganets Mining and Processing Plant (MGOK), which mine and process manganese ore, did not produce any products in 8 months of 2024, while in January-August 2023, MGOK produced 160.31 thousand tons of manganese concentrate (no data for MGOK). These companies have been idle since November 2023. At the same time, Zaporizhzhia Ferroalloy Plant (ZFP) and Nikopol Ferroalloy Plant (NFP), which have also been idle since the end of 2023, resumed production at a minimum level in the second quarter of this year. In particular, ZZF has been operating two furnaces at 7% capacity since May 1, and NFP has also been operating since the end of June. Read more here🔽 https://lnkd.in/dyJwU5Sa #GMKCenter #Ukraine #steelmakers #steel #war #ferroalloys #markets #ferromanganese #silicomanganese #ferrosilicon #mining #manganese

Germany plans to convert a third of its steelmaking capacity to green technologies by 2030, ensuring an annual output of 12 million tons of environmentally friendly steel. This was announced by German Economy Minister Robert Habeck during the National Steel Industry Summit in Duisburg. German politicians and trade unionists are unanimous in their support for the preservation and environmental transformation of the local steel industry. The steel industry is key to sectors such as the automotive and mechanical engineering industries. However, it is one of the largest sources of greenhouse gas emissions, accounting for about 7% of total emissions in Germany. The solution is seen in the introduction of new technologies, such as renewable energy and hydrogen. The German government is allocating billions of euros to support this transformation, but the industry also faces challenges from high energy costs and competition from Asian producers. Trade unions and industry representatives are calling on the government to create a favorable environment for investment and provide access to cheaper energy. This is seen as critical to preserving tens of thousands of jobs and maintaining Germany as a leading industrial center in Europe. Gunnar Grebler, Chairman of the Steel Federation, noted that the industry is under considerable pressure and needs immediate changes. He highlighted three key areas that should be addressed: the creation of green markets, control over energy prices, and protection against unfair competition. Read more here🔽 #GMKCenter #Ukraine #steelmakers #steel #EU #Europe #Germany #industry #metals #greensteel #decarbonization #CO2 #carbon #emissions #markets #investments #renewableenergy #hydrogen

In January-August 2024, Ukrainian steelmakers increased exports of semi-finished steel products by 67.3% compared to the same period in 2023, to 1.31 million tonnes. In August, exports of Ukrainian semi-finished products totalled 198.49 thousand tonnes. The main consumers were: Türkiye, Bulgaria, Egypt. Read more here🔽 https://lnkd.in/d9TqsBtk #GMKCenter #Ukraine #export #steel #steelmakers #war #semifinishedproducts #shipments #metals #slabs #billets

The Kalannish Flat Steel 2024 conference is coming up very soon. Kallanish Flat Steel 2024 will debate the most important trends impacting the global flat steel market in order to understand what the industry has in store. Conference program: Global Overview: Regional coil markets supply, demand and price trends Raw materials: Pricing developments and impact on flat steel market End-user demand: Impact of rising costs, inflation, and supply chain risks Overcapacity: Analysis of the longer-term global market trends Green transition: Challenges of sustainable steel industry decarbonisation Energy costs: Impact of higher energy costs on production China: will a demand rebound materialise? Will it cut production? EU production: will it rebound amid high costs? European policy: How will CBAM account for EU mills’ export competitiveness? US: Will interest rate cut boost steel demand? Date: October 17, 2024 Location: Istanbul, Turkey You can register and find out more information here🔽 https://lnkd.in/d3nRB_UU #GMKCenter #Ukraine #steelmakers #steel #conference #events #war #globalflatsteel #markets #globalsteel #EU #Europe #Türkiye #decarbonisation #greensteel #export #import #prices #logistics #inflation #supplychain #energy #US #China #CBAM Kallanish Commodities

In August 2024, Ukrainian steelmaking companies increased exports of commercial pig iron by 11.8% year-on-year – to 79.47 thousand tonnes. In January-August 2024, pig iron shipments abroad totalled 749.45 thousand tonnes. The main consumers were: USA, Türkiye, Italy. Read more here🔽 https://lnkd.in/d_QJ_d7N #GMKCenter #Ukraine #logistics #war #prices #markets #export #iron #pigiron #steelmakers #steel

Technology provider Danieli has launched 6 Zerobucket electric arc furnaces (EAFs) in China over the past 2 months. The Zerobucket units are equipped with a unique continuous scrap feeding system that provides low CO2 emissions and energy savings, as well as Q-Reg technology. The unit’s capacity is 210-330 tonnes of steel per hour. The newest EAFs have been launched at Qiananshi Jiujiang (2 units), Zhejiang Yuxin, Heyuan Derun, Baoshan I&S and Baosteel Xinyu. In addition, another Zerobucket electric arc furnace will soon be launched in Hebei Puyang. The unit is currently undergoing cold testing. The Danieli Zerobucket is the most flexible electric arc furnace available, allowing for a wide range of charge mixtures, including pig iron, DRI, HBI and scrap. At the same time, the unit can operate with charge containing up to 80% pig iron, replacing converters. The furnaces are controlled by Danieli automation systems, including the advanced Q-Reg electrode controller with melt profile optimisation. The two Zerobucket electric arc furnaces commissioned at Qiananshi Jiujiang are part of a four-package order from the customer. In total, since 2018, Danieli has received 29 orders for Zerobucket EAFs in China, 19 of which are already in operation. Read more here🔽 #GMKCenter #Ukraine #steelmakers #steel #China #EAF #scrap #carbon #CO2 #emissions #energy #technology #pigiron #DRI #HBI #decarbonization #Danieli

In January-August 2024, Chinese steelmakers reduced steel production by 3.3% compared to the same period in 2023, to 691 million tonnes. In August, steel production in the country fell by 6.1% compared to July to 77.92 million tonnes, driven by lower demand and reduced margins for steelmakers. Read more here🔽 https://lnkd.in/dij299Rj #GMKCenter #Ukraine #steelmakers #steel #China #metals #markets #export #import

The EU flat steel market has undergone many changes in 2010-2023, driven by economic crises, the pandemic and geopolitical factors. Despite all the challenges, European producers continue to adapt to the new environment. At the same time, it is difficult for them to compete with steel companies from other countries, given different approaches to environmental regulation and different levels of access to key raw materials. About the EU flat steel market in 2010-2023 – read in the new infographic🔽 https://lnkd.in/gkWNrdX2 #GMKCenter #Ukraine #steelmakers #steel #metals #war #EU #Europe #markets #export #import #globalsteel #flatsteel #electricity #energy #prices #industry #investments

China’s Baosteel (Baoshan Iron & Steel), a unit of China Baowu Steel Group, intends to increase steel exports to 10 million tons per year by 2028. In the first half of 2024, Baosteel’s exports reached a record high of 3.04 million tons of steel. By the end of 2023, this figure increased by 46.6% year-on-year – to a record high of about 5.84 million tons. The company considers its advantages in the global market to be a wide range of products and a well-established international marketing network. The steel giant plans to expand its exports by deepening its presence in South and Southeast Asia and exploring new opportunities in the Middle East, Latin America and Africa. In addition, Baosteel continues to maintain its positions in Europe, North and South America. The company plans to sell 52.2 million tons of steel this year, SteelOrbis reports. In January-June, sales reached 25.51 million tons (-0.19% y/y). In the second quarter of 2024, sales amounted to 12.99 million tons, down 3.41% year-on-year. Baosteel predicts that demand for hot-rolled steel in China may remain low in the third quarter amid continued poor performance in the real estate sector and weak sales in the passenger car and commercial truck sectors, as well as some softening in the shipbuilding industry. However, it may show a trend towards a moderate recovery in the fourth quarter amid a likely improvement in the construction environment. Read more here🔽 #GMKCenter #Ukraine #steelmakers #steel #export #Baosteel #China #markets