Analysis by Consuming End-Use Industry, 2024 Global steel consumption by end-use market Demand estimates by sector are indicative of global 2024 steel demand. Construction includes structural and building work. Mechanical engineering includes machinery & equipment and components; as well as heating, ven...
Construction, which is the largest steel-using sector and represents 35% of total steel consumption in Europe, is widely expected to have declined for the second year in a row in 2024, although Eurofer predicts the decline in construction activity will slow to 1.4% rather than ...
Egyptian steel sector expects consumption decline amid economic, geopolitical headwindsExisting global economic challenges, partially triggered by the Russia-Ukrainian war and escalating geopolitical tension in other regions, continue to put pressure on global steel demand and separate countries. Egypt also ...
Steel demand by sector - United States as of 2018 ArcelorMittal: NAFTA steel shipments 2015-2022 Exports of long steel products from Mexico 2000-2022 Change in steel use by region 2018-2022 Steel consumption in the NAFTA region 2012-2017 Import and export trade volume of steel in Vietnam 201...
Shortly before the official notice, China’s Iron and Steel Association called on steel mills to reduce steel production to build a healthy fundamental supply and demand structure on March 28, due to repeated declines in steel consumption and prices by the property sector and the slow progress of...
Domestic steel consumption registered a growth of 11.3% between February to April 2024, according to ICRA's latest note on the steel sector. While government capex spending was healthy until February 2024, other steel consuming sectors like housing/ real estate contributed to the resilient demand th...
Jiang added that the steel demand structure is gradually shifting toward the manufacturing sector, which, along with construction, currently accounts for 48 percent and 52 percent, respectively, of total steel consumption. By the end of this year, the balance is expected to reach parity, and manu...
Accounting for about 17 percent of the country’s total carbon emissions, the steel sector is the second largest contributor to carbon emissions – China’s power sector is the largest carbon emitter. However, when emissions from the steel sector’s power consumption are included, the sector tops...
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The association said China's steel sector leads the world in many aspects such as plant design, process flow, technical level, manufacturing capacity, product quality and energy consumption. Chinese steel enterprises also have spent heavily on ultra-low emission transformation projects to meet the wor...