Hundreds of exhibitors from Italy and around the world, more than 14,000 square meters:
a record for the international Conference & Exhibition dedicated to the steel supply chain to be held May 9-11 at fieramilano Rho

• CEO Paolo Morandi: "An important result, which rewards quality."

• A complicated 2023 foreseen for steel companies: production costs are declining, but demand remains weak

Flero (Bs), January 12, 2023 - Made in Steel closes exhibitor registrations: it is sold out. The 10th edition of the international Conference & Exhibition dedicated to the steel supply chain from May 9 to 11 will cover more than 14,500 square meters in Halls 22 and 24 at fieramilano Rho. This is a record for the event, which marks a 45% growth in exhibition area compared to 2021 and a 13% growth compared to the previous record edition in 2019. 

Other key indicators also show a marked improvement when compared with past editions. Exhibitors are up 28% compared to 2021; 25% of them are foreign. Almost all major global and domestic steel groups will be present.

"This is an important result, which rewards the quality of the premier event organized by siderweb - The Italian steel community and our commitment to ongoing improvement. Made in Steel 2023 will be a fundamental moment for international steel: three days of business and conferences, to reflect together on the future of our world, in a critical moment like the one we are facing," claims Paolo Morandi, managing director of Made in Steel.

The title of the 10th edition of the event is "GENERATIONS, re-imagining our world." The conferences organized by siderweb will focus on the short- and long-term outlook for the steel industry. The aim is to give operators the tools to intercept market trends and to better interpret and understand the dynamics of the global steel chessboard.

Dozens of buyers from all over the world will visit Made in Steel, thanks to the collaboration with ICE - The Agency for the promotion abroad and the internationalization of Italian companies. The possibility for companies to organize meetings at the speakers' corners will also support business.

In addition, the 10th edition of Made in Steel will be held in partial conjunction with Lamiera (May 10-13, 2023), the international exhibition promoted by UCIMU-Sistemi per produrre, dedicated to the sheet metal forming machine tool industry. This synergistic relationship aims at promoting visitors’ circularity and multiplying business opportunities. 

 
THE STEEL ECONOMIC CONTEXT - 2023 will be a rather difficult year for steel, according to the outlook of siderweb Research Department, with declining or stagnating demand for steel and still high energy and raw material prices, albeit on a gradually downward trend.

This year gas prices are expected to decline by just over 10%, electricity by 14.5% and carbon coke by 12.4%. As for raw materials, price decreases are smaller (-7.2% for iron ore and -4.7% for scrap), partly because prices had already dropped in 2021.

"The simultaneous reduction in the prices of energy sources and raw materials," says Gianfranco Tosini of the siderweb Research Department, "will favor a decrease in steel production costs of about 7% for EAF and more than 13% for the blast furnace, paving the way for a drop in product selling prices.”

Considering that demand for steel is expected to fall by about 3% this year according to the World Steel Association October Short Range Outlook and that selling prices will drop by an average of 10%, "it is plausible to assume that the turnover of steelmaking companies will decrease by about 13% in 2023 compared to 2022," Tosini continues. "Consequently, the profitability of industrial operations next year will fall by more than one percentage point, dropping to 2.5% from 3.5% this year, practically halving from 5% in 2021".

In Italy (latest available data, source: Bilanci d’Acciaio 2022), the steel supply chain generated a turnover of 79.18 billion euros in 2021. The profit as a percentage of turnover increased from 0.63 percent in 2020 to 4.5 percent in 2021. 2022 was still a good year for domestic steel companies, despite exponential increases in the cost of energy, supply difficulties due to the war and geopolitical crises, and a slowdown in demand and production, particularly in the second half of the year. 

Download the images of Made in Steel 2021  Click here