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steel consumption - Latest news GMK Center

Photo – Consumption of steel products in Ukraine fell by 3.6% y/y in January-May
Consumption of steel products in Ukraine fell by 3.6% y/y in January-May

In 5 months, the country's domestic market consumed 1.36 million tons of rolled and semi-finished products

Photo – Consumption of steel products in Ukraine fell by 13.9% y/y in January-April
Consumption of steel products in Ukraine fell by 13.9% y/y in January-April

In 4 months, the country's domestic market consumed 1.01 million tons of rolled and semi-finished products

Photo – Poland imported 378.7 thousand tons of steel from third countries in January-February
Poland imported 378.7 thousand tons of steel from third countries in January-February

The main part of imports fell on flat rolled products – 277.3 thousand tons

Photo – Steel consumption in Poland fell by 11% y/y in 2023
Steel consumption in Poland fell by 11% y/y in 2023

Steel consumed fell to a multi-year low of 11.8 million tons

Photo – Consumption of steel products in Ukraine fell by 27.3% y/y in Q1
Consumption of steel products in Ukraine fell by 27.3% y/y in Q1

In January-March, the domestic market of the country consumed 610.4 thousand tons of steel products

Photo – Demand for steel structures in Ukraine increased by 19% y/y in 2023 – USCC
Demand for steel structures in Ukraine increased by 19% y/y in 2023 – USCC

In 2024, market players expect the trend of increasing consumption of steel structures to continue

Photo – Consumption of steel products in Ukraine fell by 24.9% y/y in January-February
Consumption of steel products in Ukraine fell by 24.9% y/y in January-February

Over 2 months, the domestic market consumed 493.3 thousand tons of rolled and semi-finished products

Photo – Consumption of painted steel may grow to 300 thousand tons in 2024 – forecast
Consumption of painted steel may grow to 300 thousand tons in 2024 – forecast

Ukrainian producers can increase the output of these products this year to 100 thousand tons, which is 54% more than in the previous year

Photo – Vartis has opened four new steel centers in Western Ukraine since the beginning of the year
Vartis has opened four new steel centers in Western Ukraine since the beginning of the year

Soon, the company plans to open several more branches in Ivano-Frankivsk region and Zakarpattia

Photo – Consumption of steel products in Ukraine decreased by 37.1% y/y in January
Consumption of steel products in Ukraine decreased by 37.1% y/y in January

During the month, the country's domestic market consumed 137.7 thousand tons of rolled and semi-finished goods

Photo – Steel consumption in Ukraine to grow by 20% in 2023
Steel consumption in Ukraine to grow by 20% in 2023

The increase in the indicator is primarily related to the activation of state projects

Photo – Analysts expect global GDP growth of 2.1-2.9% in 2024
Analysts expect global GDP growth of 2.1-2.9% in 2024

Next year we can expect looser monetary policy, reduced inflation and high uncertainty

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