metal consumption - Latest news GMK Center

The largest drop in stainless steel production was recorded in the USA – by 14.8% y/y

Residential construction decreased by 52.8% y/y, engineering – by 59.8%, and non-residential – by 52.3%

The association predicts that the negative trends of last year will continue to influence in 2023

All major steel producers in the European Union showed a significant drop in smelting

The main decline in the consumption of steel products occurred in the construction sector

Residential construction decreased by 2.1 times, engineering construction by 2.2 times, and non-residential construction – by half

The company also built 250 containers in 4 months

Survival in the market of metal structures depends on the ability to reorient to the products in demand

The industry association is concerned about the high level of imports to the EU

69 platforms, 58 hoppers and 24 semi-railcars were handed over to customers

Domestic demand for rolled steel has increased especially from producing and construction companies

Deputy CEO for development of KMZ Industries about how the company was able to retain 70% of pre-war customers during the war