steel demand - Latest news GMK Center

Domestic demand for rolled steel has increased especially from producing and construction companies

According to analysts, the aggregate average annual growth rate will be 2%

The new forecast is more optimistic than the previous one and reflects increased expectations for GDP growth in the countries of the region

The main reasons are low demand for steel products and high energy costs

At the same time, the corporation is reducing capacity amid weak current demand

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

Growth rate will picks ups to 2.2% in 2023, to 1.881 billion tons

Tougher import rules on Ukraine’s key export markets jeopardize exports of around 0.5 million tons of steel