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Analytics of the global steel market for 2023 and forecast for 2024

Changes in environmental standards and requirements for sustainable production have also been an important factor for the steel market....

The EU hot-rolled steel market will enter 2024 with weak demand, higher production and uncertainty over trade measures

European hot rolled coil prices showed signs of recovery towards the end of 2023, but the basis for a continuation of this trend into 2024 appears...

Global copper production will exceed demand in 2023-2024 - IWCC

Both indicators will be slightly lower than predicted in May, the IWCC report notes....

China's scrap steel supply will rise in the fourth quarter as consumption rises

Based on an expected scrap steel utilization rate of 30% in China's steel sector by 2025, the Metallurgical Mining Association of China (MMAC)...

Iron ore in Asia is becoming more expensive and will continue to rise in price - S&P

Iron ore prices in Asia hit an 8-month high on the back of solid performance and strong buying, as well as the investment policy of the Chinese...

Low global aluminum stocks should help prices recover quickly

Global aluminum inventories in the warehouses of manufacturers are about 50 days against the background of the fact that Russian metal, which is...

Indian steel demand to grow by 7.5% in fiscal year 2023-24: ISA

Steel demand will be boosted by investment in infrastructure, renewable energy, mining, and the steel sector through a manufacturing-related stimulus...

Iron ore prices continue to fall

Analysts expect the decline in iron ore prices to reach $96.76 per ton by the end of the current quarter and accelerate to $89 per ton by the end of...

Europe's automotive industry braces for tough second half - Argus

European car manufacturers are bracing for increased competition and lower demand in the second half of the year....

International Rebar Exporters Association is pessimistic about steel demand

The main driver of global steel demand, the People's Republic of China, will not be able to stimulate consumption growth this year due to the effects...

Global steel demand to grow by 2.3% - Worldsteel

Persistent inflation and high interest rates in most countries will limit the recovery in steel demand in 2023, with demand growth driven by regions...

China's huge steel capacity hampers the steel market, analysts expect more cuts

China will soon commission more than 200 million tons per year of new liquid steel smelting capacity through swaps. The NDRC is asking major Chinese...

China to increase scrap metal imports, but unlikely to exceed 1 million tons - analysts

In 2021, China revised the quality standards for the scrap sector, requiring that the scrap content of impurities not exceed 0.3-1% for three...

European stainless steel producers ready to raise prices

EU steel mills are aiming for higher prices despite a slow start to 2023. Demand for stainless steel in Europe in the first few weeks of the new year...

S&P: Russia will continue to dominate the steel export market in the Black Sea region

Russian steel exporters, still active on the Black Sea spot market, are cutting production, increasing domestic sales, or trying to export more to...

Fitch Analysts Predict Big Drop in Global Steel Consumption This Year

The outlook for Europe looks bleakest due to high volatile energy prices and the need to reorganize supply chains....

Analysts predict 5% annual growth in the iron casting market through 2030

The global market for iron and steel castings will increase to 2.5 trillion US dollars by 2030 with an annual growth of 5.5% - Spherical Insights...

Commodity prices will fall, metals quotes will rise slightly - Focus Economics

According to economists interviewed by the company, the key risks remain the strengthening of sanctions, the development of the conflict in Ukraine...

Platinum market to face shortage next year - WPIC

The global platinum market is forecast to be in deficit after two consecutive years of large surpluses and nearly 20% demand growth....

Global steel demand falls and will fall by 2.3% in 2022: WorldSteel

A global recovery in steel demand next year is still expected, driven primarily by higher infrastructure spending, but growth of 1% instead of the...

Iron ore prices fall to 11-month low

Iron ore reached its all-time high of 229.50 in May 2021. Today, its quotes on Chinese stock exchanges are at the level of 96 - 97 dollars per ton...

China production cuts in winter will give limited boost to steel markets - Platts

The cuts to be implemented in the fourth quarter are unlikely to lead to large-scale cuts in steel production in China....

Steel prices may rise as manufacturers stop production

As Europe enters winter, it is becoming increasingly unlikely that flat steel prices will remain low. Plant shutdowns could create a shortage of...

IREPAS: The global long products market is in a "dramatic situation"

Manufacturers around the world suffer from limited market access and high levels of competition, especially from Russia, which is extremely flexible...

Steel prices are unlikely to rise significantly in the near future - analysts

The problem is that US steel production capacity is growing two to three times faster than demand is growing. "If you are going to increase new...

Steel prices may move up on new data from China

China's NBS Manufacturing PMI improved to 49.4 from 49.2, in line with expectations. The end of the rainy season and support from Beijing could...

Chinese Steel Sector Turned Into Profit and Ready for New Growth

Steel mill profitability, which was negative in July, is back in positive territory as S&P Global Commodity Insights reported Chinese steel...

UBS raises global LFP battery market share forecast to 40% by 2030

New LFP market share expectations raise lithium demand forecasts and lower nickel demand forecasts slightly....

Automotive steel market to exceed $161.75 billion by 2030

Expansion of initiatives to reduce fuel emissions in the automotive sector, as well as a shift in consumer interest in electric vehicles, will...

The US market may begin a collapse in prices for thick sheet

Too much price difference between hot rolled coil and steel plate cannot last for a long time. Analysts expect a sharp decline in steel sheet prices...

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