In 2022, affected by the Russian-Uzbekistan conflict and economic downturn, steel consumption in Asia, Europe, CIS countries and South America showed a downward trend. Among them, the CIS countries were most directly affected by the Russian-Uzbekistan conflict. The economic development of the countries in the region was seriously hampered, and the steel consumption fell by 8.8% year on year. Steel consumption in North America, Africa, the Middle East and Oceania showed an upward trend, with year-on-year growth of 0.9%, 2.9%, 2.1% and 4.5% respectively. In 2023, it is expected that the demand for steel in CIS countries and Europe will continue to decline, while the demand for steel in other regions will increase slightly.
From the change of steel demand pattern in various regions:
In 2023, the proportion of steel demand in Asia will still be the first in the world, maintaining at about 71%; The proportion of steel demand in Europe and North America will continue to be the second and third in the world. The proportion of steel demand in Europe will decrease by 0.2 percentage points to 10.7% year on year, and the proportion of steel demand in North America will increase by 0.3 percentage points to 7.5% year on year. In 2023, the proportion of steel demand in CIS countries will be reduced to 2.8%, which is equivalent to that in the Middle East; The proportion of steel demand in Africa and South America increased to 2.3% and 2.4% respectively.
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Post time: Jan-31-2023