steel demand

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OECD is concerned about the deterioration of conditions on the global steel market

Overcapacity in the future could have a significant impact on the industry

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Annual demand for rolled steel in the Gulf countries will reach 38 million tons by 2030

The region's steel market is expected to grow by 6.2% annually during this period

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Steel demand in Bharat will grow by 10% in fiscal 2023/2024 – forecast

Growth will primarily come as infrastructure spending accelerates

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German steelmakers expect an increase in steel prices in September

The market is counting on the revival of activity after the summer break

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US steelmakers expect long-term growth in demand for steel

Optimistic forecasts, in particular, are related to the sectors of the green transition

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India’s growth could offset global demand for steel and raw materials

The country focuses on the development of infrastructure and expansion of production

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EUROFEER has downgraded the forecast for a fall in steel demand in the EU to 3% in 2023

The main drivers of negative expectations are high energy prices, increased production costs and the war in Ukraine

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Instability in global construction will lead to a drop in demand for steel – MEPS

Industrial and infrastructure projects in global economies cannot compensate for sector weakness

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Domestic demand for steel in China will increase in September-October

In the second half of the year, the government is likely to introduce a policy of moderate control

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Government investments will boost US steel demand over next decade – Nucor

Government stimulus will increase domestic steel consumption by about 6-8 million short tons

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Weather conditions in China may adjust demand for steel and iron ore

Unfavorable weather slowed down work at a number of construction sites

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Demand for steel in the European Union will grow by 0.3% in 2023 – EUROFER

The growth of consumption will be ensured by the automotive and machine-building sectors

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