metal consumption

Financial Times
Global steel demand to decline by 0.9% in 2024 – WorldSteel

In 2025, after three years of decline, the indicator will recover by 1.2%

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Completed Ukrainian construction works increased by 37.1% y/y in H1 2024

Engineering structures became the driver of construction growth during this period, increasing the indicator by 46.1% y/y

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Production in the EU automotive sector to decline by 3% in 2024 – EUROFER

In 2025, car production is expected to recover by 2.3% y/y

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Construction volumes in the EU will decrease by 1.4% y/y in 2024 – EUROFER

In 2025, the indicator is expected to recover by 1.8% y/y

EUROFER has downgraded its EU visible steel consumption forecast in 2024 to +1.4% y/y

Expectations regarding the growth of the indicator in 2025 have also been reduced to +4.1% y/y

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Steel consumption in China will reach 900 million tons in 2024 – forecast

In the first half of the year, the visible consumption of steel in the country decreased by 3.3% y/y

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Consumption of steel products in Ukraine fell by 3.6% y/y in January-May

In 5 months, the country's domestic market consumed 1.36 million tons of rolled and semi-finished products

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Consumption of steel products in Ukraine fell by 13.9% y/y in January-April

In 4 months, the country's domestic market consumed 1.01 million tons of rolled and semi-finished products

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EUROFER downgrades its forecast for apparent steel consumption in the EU in 2024 to +3.2%

Expectations regarding the growth of the indicator in 2025 have improved – from +2.9% y/y to +5.4% y/y

Steel Dynamics forecasts growth in US steel consumption in 2024

In Q1, the company shipped almost 3.3 million tons of steel

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China to cut steel consumption again in 2024 – forecast

Return to steel production regulation will change the dynamics of the value chain

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