Bulletin Updates
Output in the global steel-using sector fell for the fifth month running – 10 Jan 2023
Jan 10, 2023
The US posted faster-than-expected declines in output, new orders and employment, contrasting with slower declines in Asia. Steel users trimmed their stocks of both inputs and finished goods at faster rates at the end of 2022. Global steel output fell for the fifth month running in December, but at the slowest rate since May 2020. All three regions registered declines, with the US leading the global decline, followed by Europe and Asia. Pressure on supply chains remained weaker than the pandemic-era trend.
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