steel demand - Latest news GMK Center

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

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

Demand will be stimulated by industrial production and investments

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

This can become the main means of balancing supply and demand

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

In 2024, the indicator will grow by 7.6%, but will face geopolitical unpredictability and economic uncertainty

The decline in the profitability of steel production in the country may continue until the end of 2023

Limited support for the market will be provided by increased demand in India after the monsoon season

The countries of Europe and Southeast Asia were the main restraints of growth

Global demand for steel is expected to grow by 1.8% in 2023 and by 1.9% – in 2024

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