steel demand - Latest news GMK Center

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

Growth will primarily come as infrastructure spending accelerates

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

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

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

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

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

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

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

Unfavorable weather slowed down work at a number of construction sites

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

In May, sentiment on the Chinese steel market remained negative