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steel demand - Latest Articles GMK Center

Photo – Domestic demand for steel in China will increase in September-October
Domestic demand for steel in China will increase in September-October

In the second half of the year, the government is likely to introduce a policy of moderate control

Photo – Government investments will boost US steel demand over next decade – Nucor
Government investments will boost US steel demand over next decade – Nucor

Government stimulus will increase domestic steel consumption by about 6-8 million short tons

Photo – Weather conditions in China may adjust demand for steel and iron ore
Weather conditions in China may adjust demand for steel and iron ore

Unfavorable weather slowed down work at a number of construction sites

Photo – Demand for steel in the European Union will grow by 0.3% in 2023 – EUROFER
Demand for steel in the European Union will grow by 0.3% in 2023 – EUROFER

The growth of consumption will be ensured by the automotive and machine-building sectors

Photo – Domestic steel stocks in China will continue to fall in June – forecast
Domestic steel stocks in China will continue to fall in June – forecast

In May, sentiment on the Chinese steel market remained negative

Photo – China’s steel demand to grow slowly in 2023 – Bayi Steel
China’s steel demand to grow slowly in 2023 – Bayi Steel

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

Photo – A slowdown in construction activity in China will affect the steel market
A slowdown in construction activity in China will affect the steel market

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

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 – Demand for steel in India increased by 13.3% y/y in the FY 2022/2023 – JSW Steel
Demand for steel in India increased by 13.3% y/y in the FY 2022/2023 – JSW Steel

The company predicts steel demand growth of 7-8% in the 2023/2024 financial year

Photo – Turkish steelmakers do not expect demand to improve after elections
Turkish steelmakers do not expect demand to improve after elections

The steel market has slowed down, buyers enter into transactions only when they need to replenish stocks

Photo – China’s first-quarter steel output growth outpaced demand – CISA
China’s first-quarter steel output growth outpaced demand – CISA

Visible steel consumption in the country in the January-March increased by 1.9% y/y

Photo – SSAB expects stable demand for steel in the second quarter
SSAB expects stable demand for steel in the second quarter

The company's operating profit in January-March 2023 amounted to SEK 4.73 billion

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