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Poland’s steel industry growth dented

Poland’s metallurgical sector is dominated by the steel industry which accounts for more than 90% of the country’s total metallurgical output, while copper production contributes about 7%. Poland is the sixth biggest steel producer in the EU, accounting for about 5% of EU’s total crude steel output, and the biggest in the CEE region.

Its major copper producer, KGHM, is the world’s biggest silver producer and the eighth-largest mined copper producer.

The outlook for Poland’s metallurgy is not rosy with steel production seen growing by about only 2% this year following a 10% increase in 2011, hurt by declining demand in the wake of subdued manufacturing growth amidst the eurozone financial turbulence, and copper production not expected to exceed a 2011 record high level in the near term.

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Posted by on September 4, 2012 in Europe, Industry, Metals & Mining, Poland, Steel

 

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