steel consumption - Latest news GMK Center

Stricter EU tariff-rate quotas would harm Ukraine’s wartime economy without solving Europe’s real steel-market challenges

The share of imports in the domestic market rose to 46%, compared with 38% a year earlier

Consumption of finished steel in 2026 is forecast to reach €301 million

Consumption of finished steel is set to rise to 1.43–1.45 million tonnes in 2026

Sales of finished steel are expected to rise to 1.72 million tons in 2026

Over the past five years, steel production in Finland has fallen by 17.6%, while consumption has dropped by 19%

The share of imports in the domestic market rose to 42.65%, up from 37.61% a year earlier

In 2026, steel consumption is expected to increase by approximately 3%, to 3.4 million tons

At the same time, logistics costs rose by 15–20% over the same period

GMK Center has compiled a collection of articles that provides a comprehensive overview of steel consumption in 20 countries across the region

The main risks in 2026 are new tariff barriers and a Europe-wide economic crisis

Our series of articles provides a detailed analysis of steel consumption in the world’s major regional markets in 2025 and the key challenges of 2026