Steel Prices Under Pressure

Steel mills are ramping up production quickly, prompting concern that supply will outpace demand and restrain prices.

Topics:  steel   prices   
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BING SEARCH:
  • Steel
    Steel decreased 353 Yuan/MT or 8.99% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Steel is expected to trade at 3515.50 Yuan/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations.
    05/27/2024 - 1:26 pm | View Website
  • 2023 Steel Price Forecast | General Steel
    Another industry source, S&P Global, is predicting the current low prices to extend into 2023, but is hesitant to project any long-term decreases. WalletInvestor, an algorithm-based forecast tool, predicts that steel prices will increase 31% over the next year.
    05/27/2024 - 9:30 am | View Website
  • Steel Price Forecast and Steel Market Outlook | S&P Global
    Prices soften on weaker steel demand outlook. Steel prices essentially collapsed in May through early July. The Russian invasion of Ukraine caused prices to rise by $500 per ton in Europe and the United States, but they were already back down by $600 or more by mid-July. Another $200–250 per ton is expected for coil; the question is whether ...
    05/27/2024 - 9:08 am | View Website
  • Forecast global steel price 2023 | Statista
    Forecasted world HRC benchmark steel price for 2023. After demand for steel dropped during the arrival of the COVID-19 pandemic in 2019, steel prices also took a hit. However, in 2021, hot-rolled ...
    05/27/2024 - 8:11 am | View Website
  • MEPS Global Steel Prices & Indices | Historical Steel Prices
    World Raw Materials & Semi-Finished Steel Index. £280. Get the very latest independently researched global steel prices and indices. MEPS steel prices and indices are available for many types of steel across the globe.
    05/26/2024 - 8:58 pm | View Website
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