【SMM Steel】Steel demand in Sweden shifts toward steady recovery

Published: May 15, 2026 16:39

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【SMM Steel】Demand for finished steel in Sweden is shifting toward steady recovery after years of stagnation, driven by government-backed green transformation, energy/infrastructure investment, and improving macro conditions. Sweden uses a public-private partnership model covering 10-15% of green modernization costs. Industrial power prices in northern Sweden are €30-45/MWh vs EU industrial average ~€95/MWh. Total steel consumption is expected to rise 3% in 2026 to 3.4m tonnes. Flat products are expected to rise 2% supported by auto, defense, and wind power; long products are expected to rise 4.5% driven by construction and infrastructure. Imports account for 75-85% of domestic consumption, with strict low-carbon certification requirements.

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