Italian steel market showed poor results in January – Assofermet

In January this year, the Italian steel market recorded unsatisfactory results. However, the increase in orders from service centers is a positive signal. This is stated in the monthly report of Assofermet Acciai, the steel division of the industry association Assofermet, SteelOrbis reports.

Italian steel mills have raised prices for steel products. Assofermet believes that this is due to the protectionist steps of the European Steel Association (EUROFER). Assofermet opposes these measures, believing that they could jeopardize the European manufacturing industry.

The association predicts that demand for steel is likely to rise in February as a result of speculation in anticipation of a possible price increase. The key factor to watch is the actual number of orders coming from the manufacturing industry.

In January, service centers observed slow demand and lower than expected distribution prices for stainless steel flat products. Its availability was at an average level, but logistics faced problems due to delays in customs clearance.

As for distributors, the year started on a positive note for them. However, the current scenario resembles the end of 2024: demand remains weak, with a 50 percent decline in turnover expected compared to 2022-2023.

The overall market sentiment is uncertain due to new tariffs and elections in various European countries, which could change the situation for export-oriented countries.

As GMK Center reported earlier, Assofermet has protested against further strengthening of the EU’s protective measures against steel imports. It also urged the European Commission to refrain from extending them beyond 2025. The association believes that such steps do not solve the existing structural problems in the European steel market.