The threat of weak demand in global steel markets remains; steel consumption in key global markets is declining.

Steel consumption in many key #steel markets is showing a downward trend. This has put significant pressure on steel market prices and pushed countries toward export markets — especially those unable to reduce production in line with falling domestic demand. Most countries facing declining domestic steel consumption have high export capacities, creating a major risk for the healthy functioning of markets and global steel trade.
According to SteelData, in the first half of 2025:
⭕ Steel consumption in France decreased by 16.0%
⭕ Steel consumption in South Korea decreased by 11.7%
⭕ Steel consumption in Germany decreased by 10.1%
⭕ Steel consumption in Japan decreased by 6.3%
⭕ Steel consumption in China decreased by 5.4%
⭕ Steel consumption in Taiwan decreased by 5.0%
⭕ Steel consumption in Spain decreased by 4.9%
⭕ Steel consumption in the European Union decreased by 2.5%
⭕ Steel consumption in Turkey decreased by 2.4%
⭕ Steel consumption in the United States decreased by 0.9%