Italy's steel industry experienced a notable increase in August.
According to statistics, the country's crude steel production decreased by 53.2% in August compared to the previous month, but increased by 9.2% compared to the same month a year earlier, reaching around 820,000 tons.
Italy's output of flat steel products increased by 19% y-o-y to around 473,000 tons and that of long products by 13.5% y-o-y to 336,000 tons, driven by increasing demand in sectors such as construction and automotive.
However, despite these positive developments in August, crude steel production decreased by 53.2% compared to the previous month. The reasons for this decrease included the summer vacation season and production pauses, as well as global supply chain issues and fluctuations in raw material prices.
In the first eight months of this year, Italy produced the most crude steel in March, around 2.19 million tons. Production in August was the lowest at just 820,000 tons.