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metal consumption - Latest Articles GMK Center

Photo – Visible steel consumption in Italy in 2022 decreased by 4.5% y/y
Visible steel consumption in Italy in 2022 decreased by 4.5% y/y

Last year, Italian steel exports decreased by 8.4% y/y, and imports – by 2.5% y/y

Photo – EU steel distributors significantly reduced inventory levels in the first quarter
EU steel distributors significantly reduced inventory levels in the first quarter

The record maximum of reserves was recorded in December 2022

Photo – Consumption of steel products in the EU in 2022 fell by 7.2% – EUROFER
Consumption of steel products in the EU in 2022 fell by 7.2% – EUROFER

Apparent steel consumption expected to fall 1% in 2023

Photo – Steel consumption in Poland fell by 12% y/y in 2022
Steel consumption in Poland fell by 12% y/y in 2022

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

Photo – Worldsteel predicts recovery of global steel demand in 2023 by 2.3%
Worldsteel predicts recovery of global steel demand in 2023 by 2.3%

In 2024, according to the association's expectations, global demand for steel will increase by 1.7%

Photo – The world production of stainless steel fell by 5.2% y/y in 2022
The world production of stainless steel fell by 5.2% y/y in 2022

The largest drop in stainless steel production was recorded in the USA – by 14.8% y/y

Photo – The volume of completed construction works for 9 months of 2022 decreased by 57% y/y
The volume of completed construction works for 9 months of 2022 decreased by 57% y/y

Residential construction decreased by 52.8% y/y, engineering – by 59.8%, and non-residential – by 52.3%

Photo – Consumption of steel products in the EU will decrease by 1.6% in 2023 – EUROFER
Consumption of steel products in the EU will decrease by 1.6% in 2023 – EUROFER

The association predicts that the negative trends of last year will continue to influence in 2023

Photo – European steelmakers cut steel production by 10.5% in 2022
European steelmakers cut steel production by 10.5% in 2022

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

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 – The volume of completed construction works in the first half of the year decreased by 2.1 times
The volume of completed construction works in the first half of the year decreased by 2.1 times

Residential construction decreased by 2.1 times, engineering construction by 2.2 times, and non-residential construction – by half

Photo – DMZ Karpaty produced 100 European-sized platforms in July-October 2022
DMZ Karpaty produced 100 European-sized platforms in July-October 2022

The company also built 250 containers in 4 months

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