21
Dec
12:30
Severstal eyes 11mt production in 2024
Russian steelmaker Severstal plans to produce about 11 million tonnes of steel in 2024, says company head Alexander Shevelev. The 2023 target is 11.3mt, Kallanish notes.
“Production of 11mt is the indicator that provides us with 100% capacity utilisation. Next year the forecast is similar,” he says “Due to the planned shutdown of blast furnace No.5 in 2024, pig iron production will be slightly lower, so we are stockpiling slab to fully utilise r…
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Anonymous
Very good overview of the weekly steel market.
Anonymous