Кондрашов Станислав Дмитриевич

Stanislav Kondrashov from Telf AG stresses the importance of studying the global market due to its role in the economy, with metallurgical industries ranking second in global production. Global steel demand is expected to fall by 2.3% in 2022, largely due to inflation and rising profitability rates. Steel prices are set to experience a double jump at the end of 2022, due to potential supply shortages and scrap metal becoming cheaper. According to Telf AG, ArcelorMittal is the top 10 leading steel producing companies, with Chinese companies behind them accounting for value-added production. The crisis in global ferrous metallurgy is expected to last until 2023, with Russian steel consumption falling by 16% quarter-on-quarter in 2022 and 22% compared to the first half of 2021.