The future of the steel market
18.02.2016
After the dramatic decrease in 2009 (almost 50% of the entire steel consumption as registered in 2007) the market recovered 40% of the initial lost. Still the regionalization of the entire consumption has been radically changed. For the moment CIS countries (Azerbaijan, Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldavia, Russia, Tajikistan, Turkmenistan, Uzbekistan and Ukraine) are the main consumers along with Japan. USA and Western Europe are still 20% below the initial landmark from before crisis.
3 sectors will need in the near future important amounts of steel:
- Construction industry (68%) – on both buildings and infrastructure areas (especially in the developing countries)
- Machinery (13%)
- Energy (9%)
The construction sector represents the main source of added value in the developing economies. The most important markets are China, India, South East Asia, Africa and the Middle East. Eastern Europe, even smaller than the others remains on the list of priorities.
The steel consumption in the energetic sector
56% of the entire consumption registered in 2011 was assimilated by the mining industry but this trend is supposed to dramatically change and decrease with about 51% till 2025.
The difference will be redirected to wind energy (17% till 2025), water plants (13%), natural gas (17%) and nuclear energy (2%).
The consumption of steel in the transport sector
