2022 was a year of unprecedented challenges for the global steel markets, due to rising geopolitical tensions, and the slow-down of the China’s economy and steel demand. Global crude steel production in 2022 decreased by almost 4% from the record level reached in 2021, due to negative performances registered in Asia, Europe and North America. The largest fall in crude steel production during the first eleven months of 2022 was registered in Russia, Turkey and Germany. India and Iran continued to increase their steel output, but this recovery was not enough to impact the global trend.
In Europe steelmakers remain concerned with high energy costs, the slowdown of steel end-using sectors and looming recession clouds. 2022 was characterised by the challenges sparked by the ongoing war in Ukraine and 2023 is still expected to be a year of transition, rather than of full recovery.
During the 8th annual Europe Steel Markets conference, steel executives and market participants will gather to discuss global and European steel sector prospects for the second half of 2023, as well as share their experiences and latest industry developments. A number of topics are set to be addressed, including the ongoing investments to meet the stringent environmental legislations in Europe, the price trends for steel products, end-user demand and the rising centrality of scrap among raw material inputs.
- Steel prices trends
- Iron ore and scrap price trajectory
- High energy costs on production
- Demand patterns in major steel using sectors
- Steel demand from the automotive sector
- CBAM implementation and impact
- Hydrogen steel-making developments
- New breakthrough technologies
- The state of the Chinese economy and steel markets
- Upstream consolidation of scrap yards by EU steelmakers