steel demand - Latest news GMK Center

Demand for steel is expected to grow due to lower rates and the construction sector

The average annual growth rate will be 5-7.3%

An increase in Chinese exports leads to losses in local markets and, as a result, to an increase in the number of trade restrictions

Last year, this indicator fell by 1.9% year-on-year in the six main countries of the region

Expectations take into account GDP growth targets and the recovery of demand in the manufacturing industry

The situation in China will continue to affect the prices of steel products in India

The association insists on the speedy implementation of the industrial development policy of Germany and the return of the country to the title of an industrial center

Production at steel ore mining enterprises was hit the hardest

In 2025, steel consumption will reduce the growth rate to 1.2% y/y

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

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

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