EU steel demand to fall by 3.5% y/y in 2022 - World Steel Association

The World Steel Association forecasts that steel demand in the European Union in 2022 will fall by 3.5% year-on-year to 158.9 million tons, while global demand will fall by 2.3% to 1,796.7 million tons.

In 2023, steel demand in the EU will likely decrease by 1.3% to 156.9 million tons, while global demand will increase by 1.0% to 1,814.7 million tons.

Source: PAP