steel demand - Latest news GMK Center

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%

Growth is expected in infrastructure-related sectors

The organization's steel committee is concerned about the growth of excess steelmaking capacity

The forecast is based on the best prospects of the industries that are the largest consumers of steel

The company expects the recovery of global demand for steel in the current year by 2-3% y/y

All major steel producers in the European Union showed a significant drop in smelting

India produced about 124.5 million tons of crude steel in 2022, while finished steel production stood at 117.8 million tons

Uncertainty in the market encourages buyers to short-term deals

The main decline in the consumption of steel products occurred in the construction sector

In January-November 2022, the volume of steel production in the country fell by 1.4% y/y

Stefano Ferrari and Gianfranco Tosini discussed the priorities and prospects for the Italian steel industry in the interview for GMK Center.