image text translation
ArcelorMittal. A city-state with a population of hundreds of thousands of people
Luxembourg was once the world’s largest steel company.
image text translation
‘Complete halt because of China’
‘@world’s best
Why major steel companies also make money with both hands
Reporter Seong Sang-hoon
Entered 2024.11.20 15.41 Modified 2024.11.20 17*23
arsilomable; Carbon neutral Projikt completely discontinued
Global steel industry suffering from low prices
But these days, things are going unusual for this steel company. At all
After giving up on the carbon neutrality project, we decided to go all-in on survival.
image text translation
areelomidal; Review of two French factories
Blame it on the discord in the European automobile industry. Two places in Haengsdny are pointed out – 130 people are concerned about losing their jobs when the factory closes:. union
Going on strike
2024-11-25
Reporter Kim Eun-ju
Arcilomidal, the world’s second-largest steel company, is suffering from trouble in the European automobile industry.
We are considering closing two factories in France:
According to the GMK Center, the country Arcilomidal is considering for closure is France.
The plants are in Reims in the east and Denis in the north.
Arsulomidal is facing difficulties in sectors such as automobiles, and
He explained that this trend has not weakened further in recent months.
As of yesterday, two factories in Europe are even being considered for closure.
The cause is now
Same reason as the global manufacturing industry is shaking
.
That’s China.
image text translation
Bremen
BLAST FURNACE N2
(OCTOBER 5-NOVEMBER 9)
Sosnowiec
BLAST FURNACE NP3
WIRE ROD PRODUCTION LINE
ArcelorMittal
(OCTOBER 9-OCTOBER 14)
(NOVEMBER 18-26)
SINTER FACTORY
(OCTOBER
~NOVEMBER 30)
Krakow
COKE OVEN BATTERY
Suspended capacities
Hamburg
(NOVEMBER 22
NIA)
FULL STOP
(OCTOBER 27-NOVEMBER 12;
AMTP Krakow
DECEMBER 14-31)
PIPE DIVISION
(Q1 2024)
Gent
STEEL PRODUCTION OVER THE LAST
BLAST FURNACE A
ArcelorMittal Kryvyi Rih
7 YEARS MILLION TONS
(SEPTEMBER 14-END
PRODUCTION CAPACITY
NOVEMBER)
UPGRADE BY 30%
2017
23.5
11.2
43.8
14.7
93.1
D0LA tax
ELG
‘Duda kasapyeop’
UKRANE
AZAKd STAA
2018
22.6
12.3
447
13
92.5
4MCE
Fos-sur-Mer
ArcelorMittal Temirtau
2019
21.9
11
43.9
13
89.8
BLAST FURNACE Ne1
LOSS OF PLANT
(JULY-NIA)
2020
17.8
9.5
34
10.2
71.5
Acciaierie d’Italia
Zenica
WORKS WITH RESTRICTIONS
BLAST FURNACE OVEN
(LIQUIDITY PROBLEMS)
AND OTHER AGGREGATES
2021
8.5
12.4
36.8
11.4
69.1
(NOVEMBER 17-NIA)
2022
8.3
11.9
31.9
6.9
59
‘
202316.5
10.4
22.2
5.2
44
9m
NAFTA
BRAZIL
EUROPE
ACIS
Juiz de Fora
Piracicaba
Resend
SUSPENSION OF PRODUCTION
B RAZIL
(NOVEMBER-DECEMBER)
-Newcastle Works
-Vereeniging Works
SUSPENSION OF PRODUCTION
LONG PRODUCTS
(END OF NOVEMBER-NIA)
O
CEN TER
GMK
‘
S O U T H
AFRICA
‘
‘
‘
~
‘
Due to China’s low price offensive, steel production decreased by 53% from 93.1 million tons to 44.4 million tons in just 6 years.
image text translation
ArcelorMittal net income falls 69%
to S287 mn in September quarter
In July-September 2023, it clocked $ 929 million “net income
“attributable to equity holders of the parent” the company said
statement
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As a result, net profit decreased by 69% compared to last year.
image text translation
Tonnage is expressed in million tonnes (Mt)
Mt.
Ranking
Headquarters
2023
2022
2023
2022
China Baowu
China
130.77
137.84
Group (7)
ArcelorMittal (2)
Luxembourg
68.52
68.89
Ansteel Group
China
55.89
55.65
(3)
Nippon Steel
Japan
43.66
44.37
Corporation (4)
HBIS Group
China
41.34
41.00
Shagang Group
China
40.54
41.45
POSCO Holdings
South Korea
38.44
38.64
Jianlong Group
China
36.99
36.56
(5)
Shougang
China
33.58
33.82
Group
Tata Steel
India
29.50
30.18
70
10
Group
Delong Steel (6)
China
28.26
27.90
77
12
JSW Steel
India
26.15
23.38
12
15
Limited
JFE Steel
Japan
25.09
26.20
13
14
Corporation
Hunan Steel
China
24.80
26.43
14
13
Group
and
Currently, the world’s largest steel company, which has pushed out ArcelorMittal, is Baou Steel Group, a merger of the Chinese Communist Party-led Baou Steel Group and Wuhan Steel Group.
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[Couple Steel Naewoo Foreign Exchange-So] POSCO Hyundai Steel; Itdan Factory Festival
The regional economy is also in recession.
POSCO closes two factories in four months. Hyundai Steel also decides to close Pohang Factory 2 and consumes everything domestically.
Crude steel production is at its lowest since 2010 due to massive exports of imported steel products.
2024-11-25
Reporter Yoo Ho-seung
Products being produced at POSCO Gundam Steel Mill’s 1st wire rod plant / Photo – POSCO
[Current Affairs Journal e-Reporter Yoo Ho-seung] The steel industry, considered the ‘rice of industry’, has been
We can’t escape from the ongoing global economic recession.
It is caught in the ‘triple pain’ of rising electricity rates and the offensive of low-priced steel products from China.
[
POSCO and Hyundai Steel are closing their factories
]
Korea is no exception to this.
POSCO and Hyundai Steel, which represent the Korean steel industry, are also on the verge of shaking.
image text translation
Price of Chinese steel products in the past four years Unit: {per yuan
6788
7000
5000
4002
3000
3153
September 1, 2020 May 12, 2021
September i0, 2024
This is because China is offering products at ridiculously low prices with the goal of monopolizing global manufacturing through a combo of economies of scale, low wages, and subsidies comparable to those of ecosystem disruptors.
image text translation
Central and South American steel companies are also at risk of going out of business
Tariffs on Chinese products rise
Correspondent Jeong In-seol
Entered2024.05.22 07.32
Edit2024.05.22 07.47
gaga
Muxico, Chile; Brazil imposes high tariffs on Chinese steel
bulryungberg
‘Central and South American steel companies in crisis’
N bird
K: Look
Mexico, Chile and Brazil, which were pro-China, also imposed tariffs on Chinese steel.
At a certain level, the price of steel manufactured in China is cheaper than the price of iron ore sold in Brazil.
image text translation
Currently, Chinese steel companies are following the government’s efforts to develop a high-quality steel industry.
Strengthening the development of eco-friendly technologies in all directions; robot
Expanding the use of autonomous driving technology, introducing the latest artificial intelligence, etc.
Technology is being actively used: China’s steel industry is improving its quality
At the same time as growth, the competitiveness of Chinese steel companies has significantly improved.
As the situation continues, our steel companies also compete in the global market.
exacerbation; Expected to face challenges such as the impact of steel imports
It looks like:
In particular, Baou Steel Group emerged as the world’s largest steel company.
The ratio of R&D to sales was 3.24% in 2022.
The goal of raising it to 596 by 2035 is quite high.
The proportion of R&D of domestic steel companies last year was
SeAH Changwon Special Steel 1.309, POSCO 1.019, Hyundai Steel
0.980 Top 3 companies account for approximately 1%/companies other than 1%
This is shocking considering that the average is only 0.30.
It’s closer to shock.
even
Investment in technology development is the highest in the global steel industry
The global steel industry is being starved by China.