steel consumption - Latest news GMK Center

Demand for sheet and shaped rolled products, steelware and grinding balls increased most of all

Local production fell by 52% in 2013-2023

Export of steel products increased by 31.6% y/y for 9 months, while import fell by 12.5% ​​y/y

More than 38% or 927 thousand tons are imported

More than 36% or 833.1 thousand tons is imported

Consumption drivers – construction, mechanical engineering and defense industry, iron and steel dector and oil and gas production

For 7 months, domestic steel consumption increased by 1.7% y/y

The negative trend is explained by consistently low prices for products

In 6 months, the country's domestic market consumed 1.74 million tons of rolled and semi-finished products

The import of s prteeloducts decreased by 12.1% y/y in 5 months

Sales volumes of flat rolled products fell by 8.6% m/m, and of graded products – by 7.4% m/m

Engineering structures became the driver of construction growth during this period, increasing the indicator by 48.2% y/y