9,132.30 TRY BIST 100 BIST 100
4.86 CNY CNY CNY
34.21 USD USD USD
37.41 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.92 TRY Interest Interest
77.12 USD Fossil Oil Fossil Oil
30.55 USD Silver Silver
4.43 USD Copper Copper
105.04 USD Iron Ore Iron Ore
375.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,875.93 TRY Gold (gr) Gold (gr)

Poland reduced steel production in February

In February 2022, Poland's steel mills reduced steel production by 9.4% m-o-m to 435 thousand tons.

Poland reduced steel production in February

Polish steel production decreased by 34.4% y-o-y in February 2023.

Polish steelmakers smelted 915,000 tons of steel in January-February 2023, 34.5% less than in the same period in 2022.

Poland reduced its steel production in 2022 by 8.6% compared to 2021 to 7.73 million tons. Thus, the country ranked 22nd in the global ranking of world steel producers.

Overall, steel production in the European Union countries in February 2023 decreased by 12.6% compared to February last year to 10.5 million tons. In January-February 2023, 20.7 million tons of steel were produced in the EU, 14.3% less y-o-y.

In the second half of 2022, European steelmakers drastically reduced production capacity due to increasing electricity tariffs and unfavorable market conditions.

EU steelmakers have started restarting halted capacities as the apparent demand for steel and product prices has started to increase and the costs of energy resources have decreased. In addition, the industry anticipates further increases in demand for steel products.

In January 2023, ArcelorMittal Poland restarted blast furnace №3 at its plant in Dombrova-Gurnych, which had been idled since September 2022. The reasons for this were the slowdown of economic activity in Europe, reduced demand on the EU market and increased imports from outside the European Union, as well as the increase in energy prices.

You can find more details on the subject here; https://www.steelradar.com/en/haber/arcelormittal-poland-restarted-its-blast-furnace-no-3/

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Chinese steel threatens Indonesian market: IISIA warns government

Thursday, October 10, 2024

China's economic planning and the impact on companies

Thursday, October 10, 2024

JSW Steel increases crude steel production by 7% in Q2 FY2024-25

Thursday, October 10, 2024

Jindal Group is set to invest up to EUR 150 million in Vítkovice Steel

Thursday, October 10, 2024

Icdas Steel to build a solar power plant worth 849 million TL

Thursday, October 10, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now