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metal consumption - Latest news GMK Center

Photo – Steel consumption in Turkey decreased by 1.8% y/y in January-October
Steel consumption in Turkey decreased by 1.8% y/y in January-October

Exports of steel products grew by 30.7% y/y over 10 months, while imports fell by 7.2% y/н

Photo – Apparent steel consumption in Latin America to decline by 2.7% y/y in 2024 – Alacero
Apparent steel consumption in Latin America to decline by 2.7% y/y in 2024 – Alacero

Steel production in the region is expected to fall by 3.6% year-on-year

Photo – Production in the EU household appliances sector to fall by 2% y/y in 2024 – EUROFER
Production in the EU household appliances sector to fall by 2% y/y in 2024 – EUROFER

In 2025, a moderate recovery is expected – by 0.8% y/y

Photo – EUROFER downgraded its forecast for apparent steel consumption in the EU in 2024 to -1.8% y/y
EUROFER downgraded its forecast for apparent steel consumption in the EU in 2024 to -1.8% y/y

Expectations regarding the growth of the indicator in 2025 have also been reduced to +3.8% y/y

Photo – Apparent steel consumption in China decreased by 6.2% y/y over 9 months
Apparent steel consumption in China decreased by 6.2% y/y over 9 months

The industry association calls on the country's steel plants to be disciplined in limiting production

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

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

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

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

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