Italian crude steel output continues to decline

Italian crude steel output fell 7.3% year-on-year in February to 1.8 million tonnes, according to data issued by local steelmakers association Federacciai. In the first two months of the year, production declined by 10.8% on-year to 3.4mt.

Flat steel production tumbled by 10.7% to 805,000t last month and by 14.2% to 1.5mt in January-February. Longs output fell 7.1% in February to 1.1mt and by 12.7% to 1.8mt in the first two months of 2023, Kallanish notes.

Italian crude steel output declined by 11.5% y-o-y in 2022 to 21.6mt. Flats production tumbled 13.8% to 9.5mt, while longs output fell by 12% to 12mt, Federacciai says.

Natalia Capra France