Italian crude steel output increased in October for the first time following several months of decline, industry association Federacciai says in a note obtained by Kallanish.
In October, production ticked up by 2.2% on-year but slipped by 4.7% in the first ten months of the year to 17 million tonnes.
The two categories of long and flat products demonstrate a clear production trend that persisted for almost the entire year, according to the association.
Flat steel production fell 12.3% to 794,000t in October and by 10.5% to 7.2mt over January-October. In contrast, longs output ticked up last month by 0.6% to 1mt and by 0.5% to 9.9mt in the first ten months.
In the first half of the year, Italian crude steel output fell by 5.2% on-year to 10.8mt. It declined by 11.5% y-o-y in 2022 to 21.6mt and by 2.5% on-year to 21mt in 2023.
Natalia Capra France
