steel demand

The record maximum of reserves was recorded in December 2022

The company predicts steel demand growth of 7-8% in the 2023/2024 financial year

The steel market has slowed down, buyers enter into transactions only when they need to replenish stocks

Visible steel consumption in the country in the January-March increased by 1.9% y/y

The company's operating profit in January-March 2023 amounted to SEK 4.73 billion

Last year, the apparent consumption of steel in the country was 13.3 million tons, after a record figure of 15.3 million tons in 2021

Sales of flat rolled products increased by 5.4% m/m, long products – by 11.6% m/m, and other steel products – by 17.9% m/m

Excess steelmaking capacity remains a problem for the country

The impact of global factors will have a more serious impact on demand in North Africa

Steel prices in the country may again reach high levels in November-December 2023

The past year was marked by a slowdown in production amid a sharp rise in energy prices

In 2024, according to the association's expectations, global demand for steel will increase by 1.7%