steel demand

The head of Metal Holding Trade – about the situation in the Ukrainian steel trade market

The Chinese market will remain weak until the end of the first quarter of 2023

The main concern is the fall in prices in January

The stimulus for steel consumption in the country, in particular, was state investment in infrastructure

European steel buyers are already looking for suppliers in Southeast Asia

Growth by 1% – to 1.814 billion tons is expected in 2023

Domestic demand for rolled steel has increased especially from producing and construction companies

According to analysts, the aggregate average annual growth rate will be 2%

The new forecast is more optimistic than the previous one and reflects increased expectations for GDP growth in the countries of the region

The main reasons are low demand for steel products and high energy costs

At the same time, the corporation is reducing capacity amid weak current demand

In May, steel consumption in the country decreased by 14%, while daily production increased during the month by 1-3%