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steel consumption - Latest Articles GMK Center

Photo – Steel consumption will continue to decrease in 2023 in Poland – HIPH
Steel consumption will continue to decrease in 2023 in Poland – HIPH

The consumption of steel products in the country in the first quarter of 2023 fell by 21% y/y

Photo – The volume of completed construction works in Ukraine for the first quarter increased by 8.4% y/y
The volume of completed construction works in Ukraine for the first quarter increased by 8.4% y/y

The driver of construction growth during this period was engineering constructions, increasing the indicator by 23.1% y/y

Photo – Ukrstal Construction supplies arched steel blocks for the «Wave» bridge in Kyiv
Ukrstal Construction supplies arched steel blocks for the «Wave» bridge in Kyiv

The blocks are designed and produced using a special technology that has no analogues in Ukraine

Photo – Industrial production in Ukraine decreased by 37% in 2022
Industrial production in Ukraine decreased by 37% in 2022

The output of products at iron and steel enterprises suffered the most

Photo – The volume of completed construction works for 2022 decreased by 56% y/y
The volume of completed construction works for 2022 decreased by 56% y/y

Residential construction decreased by 51.9% y/y, engineering – by 58.5%, and non-residential – by 53.5%

Photo – Stainless steel production will increase to 60 million tons in 2023 – MEPS
Stainless steel production will increase to 60 million tons in 2023 – MEPS

Steel producers in China and Indonesia will make a significant contribution to this growth

Photo – Alessandro Sciamarelli: «Without an improvement in the EU’s steel demand outlook, destocking will not end»
Alessandro Sciamarelli: «Without an improvement in the EU’s steel demand outlook, destocking will not end»

Director of Market Analysis and Economic Studies at EUROFER – about the factors affecting apparent steel consumption and steel-using sectors in the European Union

Photo – Piotr Sikorski: Apparent steel consumption in Poland will probably drop by 2 million tonnes in 2022
Piotr Sikorski: Apparent steel consumption in Poland will probably drop by 2 million tonnes in 2022

Head Manager of Polska Unia Dystrybutorow Stali – about the structure of steel consumption and the factors which affect steel production and demand in Poland

Photo – Steel consumption in China in 2022 decreased by 3.3% y/y
Steel consumption in China in 2022 decreased by 3.3% y/y

The indicator has been decreasing for the second year in a row

Photo – The global output of stainless steel fell by 5.1% y/y in January-September 2022
The global output of stainless steel fell by 5.1% y/y in January-September 2022

The largest drop in stainless steel production was recorded in the USA – by 13.2% y/y

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 – Global output of stainless steel fell by 3.5% in the first half of 2022
Global output of stainless steel fell by 3.5% in the first half of 2022

Production declined in major regions except Asia (excluding China and South Korea) and selected countries

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