steel consumption

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Stainless steel production will increase to 60 million tons in 2023 – MEPS

Steel producers in China and Indonesia will make a significant contribution to this growth

Alessandro Sciamarelli: «Without an improvement in the EU’s steel demand outlook, destocking will not end»

Director of Market Analysis and Economic Studies at EUROFER – about the factors affecting apparent steel consumption and steel-using sectors in the European Union

Piotr Sikorski: Apparent steel consumption in Poland will probably drop by 2 million tonnes in 2022

Head Manager of Polska Unia Dystrybutorow Stali – about the structure of steel consumption and the factors which affect steel production and demand in Poland

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Steel consumption in China in 2022 decreased by 3.3% y/y

The indicator has been decreasing for the second year in a row

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The global output of stainless steel fell by 5.1% y/y in January-September 2022

The largest drop in stainless steel production was recorded in the USA – by 13.2% y/y

China’s weak economy threatens the stability of prices in the steel market in 2023

The demand for steel in China is one of the main factors influencing the prices of steel products in the world

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Global output of stainless steel fell by 3.5% in the first half of 2022

Production declined in major regions except Asia (excluding China and South Korea) and selected countries

The consumption of steel products in the EU will decrease by 3.5% in 2022 – EUROFER

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

High energy prices affect steel consumption in Europe

In September 2022, energy inflation in the EU was 41%.

With episodic lockdowns, demand for steel in China is falling

In May, steel consumption in the country decreased by 14%, while daily production increased during the month by 1-3%

EUROFER expects 1.9% drop of metal consumption in the EU in 2022

Reasons for the forecast update: the war in Ukraine, rising energy prices and the supply chains disruptions

Metinvest to allocate 900 tons of steel for 80,000 body armor

The company purchased 10,000 tons of bulletproof vests abroad

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