News. Russian ferrous metallurgy news. January

China's steel exports exceed 90 million tonnes

In December 2023, national steel companies in China exported 7.73 million tonnes of finished steel products, which is 3.5% less than in November but 43.1% higher than in December 2022. As a result, China's total finished steel and pipe exports in 2023 reached 90.26 million tonnes, representing a significant increase of 36.2% from the previous year. If we include semi-finished products, this figure is expected to exceed 93 million tonnes, which would be the highest result since 2016. In December, ...
31 January 2024., 09:50   comment

MMK announces its Trading Update for Q4 and 12M 2023

Pig iron output decreased by 7.5% quarter-on-quarter (q-o-q) to 2,416 thousand tonnes due to overhaul of blast furnace No. 8. Steel output totalled 3,116 thousand tonnes, down by 7.1% q-o-q due to overhaul of basic-oxygen furnace at the Magnitogorsk production site. Group sales of metal products declined by 5.7% q-o-q and totalled 2,891 thousand tonnes, reflecting the impact of overhauls of blast furnace, basic-oxygen furnace and rolling capacities. Sales of premium products decreased q-o-q ...
30 January 2024., 19:57   comment