steel consumption - Latest news GMK Center

The coming year may be more successful for the Hungarian steel market than 2025.

The greatest demand is generated by the defense industry, related engineering, and repair industries

Due to shelling of ports and restrictions on imports from Turkey, there is a shortage of 30–50 mm thick sheet steel on the market

The market needs new incentives for growth

Steel consumption statistics reflect the depth of the problems facing the Italian economy

Demand for steel is declining due to fundamental problems in the German economy

Major steel-consuming industries show positive dynamics

Delays in budget financing boosted rolled steel exports

Authorities seek to reduce steel intensity of the economy

Demand for steel is affected by several negative factors

Steel imports grew by 17.9% year-on-year over the eight months

In 1H2025, steel consumption grew by 13% year-on-year, but taking into account the normalization of inventories, real growth amounted to 9% year-on-year