steel market - Latest news GMK Center

In 8 months 2024, the share of imports in apparent consumption was 82%

Surges in imports affect the economies of the organization's member states

Local production fell by 52% in 2013-2023

More than 39.3% or 1.04 million tons are imported

The sector has expectations for stabilization or a slight increase in prices

More than 38% or 927 thousand tons are imported

The main share of imports is iron ore – 44.1 million tons

The industry is likely bracing itself for a challenging finish to 2024 with potential price declines

In 2025, there should be a turning point in the market and revival of consumption

More than 36% or 833.1 thousand tons is imported

The share of imports in the domestic consumption of steel during 2021-2023 increased and remains at record levels

The main focus of the forum will be on issues of dynamics and challenges in the markets of steel, ore, coal and coke