08
Jun
14:56
Middle East bucks declining apparent steel use trend
Despite the global trend in 2022, apparent steel use (ASU) in the Middle East (ME) increased by 2.6% on-year to 51.3 million tonnes. Globally, ASU registered a 4.2% decline to 1.76 billion tonnes, Kallanish notes.
Globally, the building and infrastructure sector had a 52% share in 2022 ASU, mechanical equipment 16% and automotive 12%. Metal products, other transport, electrical equipment and home appliances had shares of 10%, 5%, 3% and 2% respectively.
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Anonymous
Very good overview of the weekly steel market.
Anonymous