Poland: Steel production grows by 18.6 percent

15-11-2004, 17:06

Poland/Enterprises/Metals and Mining

Warsaw (Puls Bizensu) – After 9 months of 2003, Polish steel plants increased production by 18.6 percent. ‘The raw steel production amounted to 8.1 million tonnes. In the world, China noted the largest growth rate. 194 million tonnes of raw steel was produced, i.e. 21.6 percent more than in 9 months of 2003. This is half of Asia production and a quarter of the world’s production’, Romuald Talarek, Steel Industry and Trade Chamber (HIPH) CEO said.

HIPH has increased its forecast for 2004. Nearly 11 million tonnes of steel, up from 10.5-10.6 million tonnes expected earlier, are to be produced by Polish steel plants. ‘Exports amounted to 3.2 million of tonnes, 29 percent more than in 8 months of 2003. Imports amounted to 2.6 million tonnes, 21 percent more’, Romuald Talarek estimated.

The steel trade deficit amounts to USD 550 million (EUR 424.4 million), while in the whole year 2003 it was USD 900 million.

(USD 1 = EUR 0.772)

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