The Group B tournament began on 22 March 2003 in Briançon, France. Austria and Italy both returned to compete in this year's Division I tournament after missing promotion to the Championship Division at the previous years World Championship. France and Poland gained promotion to Division I after finishing first and second respectively in last years Division II tournament and Norway and Ukraine were relegated from the Championship Division after failing to survive the relegation round at the 2002 IIHF World U18 Championships. Norway won the tournament after finishing first in the group standings and gained promotion to the Championship Division for the 2004 IIHF World U18 Championships. Poland finished second after winning three of their games and drawing the fourth and Italy finished in third place. Ukraine finished in last place after finishing last in the group standings and were relegated to Division II for the 2004 IIHF World U18 Championships. Marcin Kolusz of Poland finished as the top scorer of the tournament with seven points including four goals and three assists. Poland's Bartosz Stepokura finished the tournament as the leading goaltender based on save percentage.