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ArcelorMittal achieves 20-25% of production capacity in 2022

In 2022, iron ore production reached 1.6 million tonnes and steel -1.2 million tonnes.

In 2022, ArcelorMittal production of rolled products decreased by 76.1% compared to 2021, reaching 1.1 million tonnes, or 22.8% of the company’s business plan for the production of steel products.

Cast iron production decreased by 70% compared to 2021, reaching 1.6 million tonnes, and steel by 75.6%, reaching 1.2 million tonnes.

The company’s plan for 2022 provided for the production of 5.6 million tonnes of cast iron and 5.1 million tonnes of steel, meaning that the planned volumes were achieved by 29% and 23.1%, respectively.

ArcelorMittal also produced 1 million tonnes of coke, down 6% in 2022, which is 62.7% less than the planned volume.

Iron ore production decreased by 56.1% year-on-year to reach 11.6 million tonnes.

ArcelorMittal has achieved 20-25% of production capacity during 2022 due to reduced export opportunities and energy supply constraints.

 

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Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.

It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.

Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.

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