Steel prices continue to take centre stage in the new year.
Metal companies, distributors and customers note delays in steel orders and an increase in prices. A temporary mismatch between the supply and demand that it is not known if it will stabilise during the first half of the year.
With the halt in activity in 2020, which seems like yesterday, but almost two years have already passed since the start of the pandemic, companies emptied their stocks in the face of economic uncertainty. With the start of the year 2022, the improvement in the outlook and the increase in orders has significantly increased the demand for steel, which is partly compromised by all the economic circumstances that are happening in this globalised world.
After more than a year and a half of harsh measures, sanitary restrictions decline to a great extent in almost all of the Spanish territory, as well as in the countries that export our products. From Grupo Jover we think that this decision will mean an increase in the domestic consumption of goods such as footwear and leather goods, as is also expected from the sector.