2020 will be a stronger year for the global steel industry, amid stable global demand and production cuts in Asia, said Paul Bartholomew, senior managing editor of S&P Global Platts.
"China's Domestic market is quite strong, the real estate market is still growing by 4-5 percent and so the demand from China is high, which will help to support other regional markets," said Bartholomew in an interview with CNBC-TV18.
"We hope to have a stronger 2020 target, as in recent months, global markets have tumbled", he added.
According to Bartholomew, prices for rolled steel in the United States at ArcelorMittal has increased. "The increase may be due to the fact that they are trying to keep steel prices at a higher level."
He added that compared to other metals prices that are the lowest in the last two weeks, steel prices began to rise.
