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Steel News
2022-11-21T07:46:23+03:30
Europe's largest steelmaker worried about future of the market
Europe's energy crisis, high inflation rates and interest rate hikes have led german major company Thiessenkrupp to estimate a decline in sales revenue for its next fiscal year, while last fiscal year grew by 21. It is not possible to accurately estimate how big and wide the challenges ahead will be and how long they will continue.

Consumption of steel plate products in Europe, one of its main markets, is forecasting a 1 to 5 percent drop for next year, while for North America consumption growth is projected to be 1 to 5 percent, driven by forecasts of China's market stability and improving global markets.

Assuming 1.5 percent OF GDP in Germany, 0.6 percent in the European Union, 0.5 percent in the United States and 4.4 percent in China, the group has planned for 2023, according to Iranian Steel.


 
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