Steel Pricing Forecast 2024. As we approach 2024, the landscape of steel pricing is poised for change, driven by the intricate interplay of supply and demand dynamics. Steel market is likely to see more swings in prices, but perhaps not as severe as recent months by michael cowden
Fitch believes hrc prices will, on average, be lower in 2024 than in 2023 but remain above historical averages, and at a relatively healthy level for domestic. Robust domestic steel output that is consistently eating at port stocks and buoying imports, coupled with expected slow growth in seaborne supply, will support.
In The First Three Months Of 2024, Global Steel Output Rose By 0.5% Yoy To 469.1 Mt.
Robust domestic steel output that is consistently eating at port stocks and buoying imports, coupled with expected slow growth in seaborne supply, will support.
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Steel market is likely to see more swings in prices, but perhaps not as severe as recent months by michael cowden
Boom Or Bust In 2024?’ Panel At Steel Summit 2023 In Atlanta.
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Steel Decreased 435 Yuan/Mt Or 11.07% Since The Beginning Of 2024, According To Trading On A Contract For Difference (Cfd) That Tracks The Benchmark Market For This Commodity.
The price outlook faces several upside risks.
Fitch Believes Hrc Prices Will, On Average, Be Lower In 2024 Than In 2023 But Remain Above Historical Averages, And At A Relatively Healthy Level For Domestic.
Ignore the noise, but know the trend.
Most Metal Prices Are Expected To Fall Further In 2024, With Price Declines Ranging From 3% For Zinc To 9% For Nickel.
