CISA: New year in the market of steel begins with rising prices
the China Association of ferrous metallurgy CISA the improvement in the situation on the world steel market at the end of 2019 and predicts stable growth of prices for steel and metal products in the beginning of 2020 in all regions, with a small recovery in the United States.
2020 profits will gradually shift from mining to steel mills. In CISA noted that the sales Director of Metinvest holding, Dmitriy Nikolaenko said that his company expects that by 2020 steady growth of global steel consumption and potential consolidation of the steel industry will lead to the transfer of profits from iron ore producers to steel producers.
"the World's raw steel production in 2019 will reach a record of 1.83 billion tons", - noted in the Association. 2.5% or 44.6 million tons more compared to the 2018.