steel demand

Olexander Kalenkov: “All enterprises in the industry have planned growth of 10-15% in 2024”

Increased output is hampered by logistical difficulties, shelling, staff shortages and lack of a risk insurance mechanism

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US steelmakers expect stable steel demand in 2024

At present, prices for steel coils in the country have declined from their peak at the end of 2023

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Steel demand outside of China to grow by 3-4% in 2024 – ArceloMittal

The forecast for demand for steel in China this year is +0-2% y/y

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Apparent steel consumption in the EU to grow by 5.6% y/y in 2024 – EUROFER

In 2023, the indicator is expected to decrease by 6.3% y/y

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India will increase infrastructure spending by 11% y/y in FY2024/2025

The country's steelmakers predict an increase in domestic demand for steel

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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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China’s steel demand to fall by 1.7% in 2024

In the current year, this indicator will decrease by 3.3% on an annual basis

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Fitch forecasts an increase in demand for steel in most regions in 2024

A slight decrease in production is expected in China, and European steel industry will return to positive dynamics

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Demand for steel in China will grow by 3% y/y in 2024 – forecast

Demand will be stimulated by industrial production and investments

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Sentiment in the US steel industry improved amid rising prices

A reduction in supply and an increase in order fulfillment allowed prices to stabilize

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China’s steel industry should use capacity management – CISA

This can become the main means of balancing supply and demand

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Demand for steel in the US will remain stable in the coming years – forecast

It will be supported by infrastructure projects, according to Wood Mackenzie

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