metal consumption - Latest news GMK Center

Last year, the monthly volume of steel sales never exceeded 1 million tons

In 2023, the indicator is expected to decrease by 6.3% y/y

Steel production in the country decreased by 21% y/y in 9 months

In 7 months, the country's domestic market consumed 14.71 million tons of rolled steel

Over 8 months, the domestic market consumed 19.83 million tons of rolled steel

The countries of Europe and Southeast Asia were the main restraints of growth

These indicators are due to high demand from state infrastructure projects

Last year, Italian steel exports decreased by 8.4% y/y, and imports – by 2.5% y/y

The record maximum of reserves was recorded in December 2022

Apparent steel consumption expected to fall 1% in 2023

Last year, the apparent consumption of steel in the country was 13.3 million tons, after a record figure of 15.3 million tons in 2021

In 2024, according to the association's expectations, global demand for steel will increase by 1.7%