Steel production up in November
15:05
Crude steel production in Poland in November reached 780,000 metric tons, the Polish press reported on Wednesday. This was an increase of nearly 25 percent, after a decrease during Q1 to Q3. The press report cited data from the World Steel Association.
While steel consumption has been shrinking in most of Europe, continued infrastructure development has meant that it has grown in Poland in recent years. In 2013, according to the Polish Steel Association (PSA) , it was 10.3 million tons, whereas by last year it had reached 11 million tons. It is expected to reach 13.5 million tons by 2025, the PSA predicts. According to management consultancy Atradius, Poland is Europe's 4th-largest producer of steel. ArcelorMittal is the country's largest manufacturer, with its six plants employing 11,000 people across Silesia, Malopolska and Opolskie accounting for almost 70 percent of the nation's steel production capacity.
During Q1 to Q3 of 2016, steel production amounted to 8.12 million tons, which represented a decrease of 4.9 percent, y/y. However, there had been an increase of 17 percent during Q1 of 2015.
