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steel demand - Latest Articles GMK Center

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 – Germany increased steel sales by 17.4% m/m in March
Germany increased steel sales by 17.4% m/m in March

Sales of flat rolled products increased by 5.4% m/m, long products – by 11.6% m/m, and other steel products – by 17.9% m/m

Photo – Steel consumption in China in 2023 will amount to 960 million tons – forecast
Steel consumption in China in 2023 will amount to 960 million tons – forecast

Excess steelmaking capacity remains a problem for the country

Photo – Demand for steel in the MENA region will grow by 0.6% y/y in 2023 – forecast
Demand for steel in the MENA region will grow by 0.6% y/y in 2023 – forecast

The impact of global factors will have a more serious impact on demand in North Africa

Photo – The real estate sector will not be able to support the demand for steel in China
The real estate sector will not be able to support the demand for steel in China

Steel prices in the country may again reach high levels in November-December 2023

Photo – Steel demand in Spain decreased by 4% y/y in 2022
Steel demand in Spain decreased by 4% y/y in 2022

The past year was marked by a slowdown in production amid a sharp rise in energy prices

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 OECD predicts global steel demand growth of 1% in 2023
The OECD predicts global steel demand growth of 1% in 2023

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

Photo – China’s steel industry has an upward trend in 2023
China’s steel industry has an upward trend in 2023

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

Photo – ArcelorMittal expects to increase steel supplies by 5% y/y in 2023
ArcelorMittal expects to increase steel supplies by 5% y/y in 2023

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

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

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