steel demand - Latest news GMK Center

The company predicts that the second quarter will be better compared to the previous one

In April 2023, demand for steel from the real estate sector slowed down in the country

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