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steel demand - Latest news GMK Center

Photo – The steel consumption in Ukraine decreased by 55%: market review based on the results of 2022
The steel consumption in Ukraine decreased by 55%: market review based on the results of 2022

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

Photo – Steel prices in China in 2023 will depend on the level of demand
Steel prices in China in 2023 will depend on the level of demand

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

Photo – Siderweb: «In 2023, steel demand in Italy is expected to decrease, but production should grow»
Siderweb: «In 2023, steel demand in Italy is expected to decrease, but production should grow»

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

Photo – Fall and growth in the steel construction market
Fall and growth in the steel construction market

At the end of 2022, steel prices and the cost of logistics have significantly decreased, which should contribute to demand

Photo – Steel prices in China will be pressured by weak demand until the end of 2022
Steel prices in China will be pressured by weak demand until the end of 2022

Quotations of steel products are likely to fall by the end of the year despite the government's efforts to support the industry

Photo – China’s weak economy threatens the stability of prices in the steel market in 2023
China’s weak economy threatens the stability of prices in the steel market in 2023

The demand for steel in China is one of the main factors influencing the prices of steel products in the world

Photo – Sergiy Krut: «Due to interruptions in the electricity supply, the demand for steel fell by 65%»
Sergiy Krut: «Due to interruptions in the electricity supply, the demand for steel fell by 65%»

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

Photo – Recovery in global steel prices keeps weak demand in Asia
Recovery in global steel prices keeps weak demand in Asia

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

Photo – Italian distributors consider low steel demand possible in 2023
Italian distributors consider low steel demand possible in 2023

The main concern is the fall in prices in January

Photo – Steel demand in India will remain stable till the end of FY2022/2023
Steel demand in India will remain stable till the end of FY2022/2023

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

Photo – Forecasts of steel demand in Europe restrain the growth of US exports
Forecasts of steel demand in Europe restrain the growth of US exports

European steel buyers are already looking for suppliers in Southeast Asia

Photo – Global steel demand to decline by 2.3% in 2022 — WorldSteel
Global steel demand to decline by 2.3% in 2022 — WorldSteel

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

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