construction

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What’s really happening in the EU construction market

Сonstruction activity in the EU is relatively stable and requires the same volumes of steel as a year earlier

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Construction in the European Union fell by 0.6% m/m in June

Compared to May 2022, the figure remained unchanged

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The fall in housing construction in Poland will accelerate towards the end of 2023 – ING

In July, the volume of construction in the country grew by 1.1%, which is significantly lower than expected (2.5%)

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The volume of construction in the EU will decrease by 0.5% in 2023 – EUROFER

In 2024, the volume of construction will recover to 0.7%

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Instability in global construction will lead to a drop in demand for steel – MEPS

Industrial and infrastructure projects in global economies cannot compensate for sector weakness

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EU construction decreased by 0.4% y/y in May

Compared to April 2023, the indicator increased by 0.2%

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Investments in European construction will decrease by 2.5% y/y in 2023 – forecast

The industry association predicts that 2023 will be a year of decline after two consecutive years of growth

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Chinese real estate sector hopes for support from the authorities

Considering the market, the coming months are expected to be challenging for the industry

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The French construction sector continues to slow down

In June, the number of companies that consider the market to be unpredictable increased

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EU construction industry outlook and its impact on the steel market

The situation varies by country, but pessimism is observed in the largest EU economies – Germany and France

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Construction in the European Union decreased by 0.1% y/y in April

Compared to March 2023, the indicator decreased by 0.4%

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The volume of completed construction works in Ukraine for the first quarter increased by 8.4% y/y

The driver of construction growth during this period was engineering constructions, increasing the indicator by 23.1% y/y

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