9,321.64 TRY BIST 100 BIST 100
5.25 CNY CNY CNY
43.91 EUR EUR EUR
38.20 USD USD USD
0.12 CNY CNY/EUR CNY/EUR
45.84 TRY Interest Interest
66.96 USD Fossil Oil Fossil Oil
40.44 USD Silver Silver
4.76 USD Copper Copper
99.35 USD Iron Ore Iron Ore
352.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,286.58 TRY Gold (gr) Gold (gr)

Italy's steel production decreased by 3.6% in June

Steel producers in the country reduced output by 3.6% in June 2024 compared to the previous month, bringing production down to 1.85 million tonnes. This figure also represents a 3% drop compared to the same month in 2023.

Italy's steel production decreased by 3.6% in June

Federacciai reports that, the Federation of Italian Steel Companiesindicates rolled product production decreased by 8.3%, while flat product production increased by 0.5%. While Italy's long product production saw a 5.6% increase compared to June 2023, it fell by 8.3% on a monthly basis, reaching 1.1 million tonnes. Flat product production, despite a 11.2% decrease compared to the previous year, saw a 0.5% increase compared to the previous month, reaching 769,000 tonnes.

In the first six months of 2024, Italian steel producers produced 10.84 million tonnes of steel, representing a 5.2% decline compared to the same period in 2023. Long product production reached 6.4 million tonnes (a 0.2% increase), while flat product production reached 4.5 million tonnes (a 9.5% decrease).

In 2023, Italian steel producers produced 21.06 million tonnes of steel, a 2.5% decrease compared to 2022. The EU, on the other hand, produced a total of 126.3 million tonnes of steel in 2023, representing a 7.4% decrease compared to 2022.

The decline experienced by Italy's steel sector can be attributed to global economic uncertainty and rising energy costs. The future of Italy's steel sector hinges on global demand shifts, energy costs, and the EU's ability to sustain its production increase. The impact of these factors will determine the future of Italy's steel sector, as well as that of other European countries.

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

Full support for import duty from the Indian Steel Association

Tuesday, April 22, 2025

Italy's steel production increased by 6% in March

Thursday, April 17, 2025

Ferrexpo's record post-war production

Friday, April 18, 2025

Tosyalı to invest TRY 378 Million in solar power plant in Ankara

Tuesday, April 15, 2025

AGPC reinforced its strength with 500 thousand tons of steel pipe production

Monday, April 21, 2025
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