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metal consumption - Latest news GMK Center

Photo – EUROFER has downgraded its EU visible steel consumption forecast in 2024 to +1.4% 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

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

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

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

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

Photo – Steel Dynamics forecasts growth in US steel consumption in 2024
Steel Dynamics forecasts growth in US steel consumption in 2024

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

Photo – China to cut steel consumption again in 2024 – forecast
China to cut steel consumption again in 2024 – forecast

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

Photo – Steel demand in Germany will not recover until 2025 – WV Stahl
Steel demand in Germany will not recover until 2025 – WV Stahl

The association insists on the speedy implementation of the industrial development policy of Germany and the return of the country to the title of an industrial center

Photo – UK government projects use more local steel – UK Steel
UK government projects use more local steel – UK Steel

The number of companies supplying products for large infrastructure projects is growing

Photo – Construction in the European Union decreased by 1% m/m in January
Construction in the European Union decreased by 1% m/m in January

Compared to January 2023, the indicator increased by 0.1%

Photo – German Klöckner expects steel demand to grow in 2024
German Klöckner expects steel demand to grow in 2024

The company relies on improved market conditions and reduced inflationary pressures

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