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metal consumption - Latest news GMK Center

Photo – Ukraine’s steel market in 1H2025: decline in production, growth in imports
Ukraine’s steel market in 1H2025: decline in production, growth in imports

Key influencing factors include geopolitics, tariffs, and logistics

Photo – EUROFER expects steel consumption in the EU to decline for the fourth consecutive year
EUROFER expects steel consumption in the EU to decline for the fourth consecutive year

EU steel demand has been falling since 2022, and the forecast for 2025 has been revised downward again

Photo – Turkey increased steel exports by 14.4% y/y in April
Turkey increased steel exports by 14.4% y/y in April

Imports in the period decreased by 9.1% year-on-year

Photo – The volume of construction work performed in Ukraine in January increased by 6.1% y/y
The volume of construction work performed in Ukraine in January increased by 6.1% y/y

The growth drivers are the buildings and non-residential construction segment

Photo – Consumption of steel products in Ukraine increased to 863 thousand tons in Q1
Consumption of steel products in Ukraine increased to 863 thousand tons in Q1

Imports account for more than 38.9% or 336.1 thousand tons

Photo – EUROFER downgrades EU apparent steel consumption expectations in 2025 to +2.2%
EUROFER downgrades EU apparent steel consumption expectations in 2025 to +2.2%

The steel market remains under pressure: demand is weak and imports are at record highs

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