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Expectations for 2024 intensified in global steel markets

Despite the uncertain outlook in the global steel markets, the balance of money markets and developments in the sector gave various ideas about the direction of the market as 2024 began.

02.01.2024 - 16:27 Last Update : 02.01.2024 - 16:43

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2 comments

Mèng Yáo

We anticipate a rise in upward trends following the New Year's holidays, as well as the gradual emergence of an upward trend in the majority of regions. In order to form warehouse stocks and prepare for a seasonal increase in consumption in the construction sector in the spring and summer, buyers will be forced to accept an increase when orders are activated, which will support the rise in steel prices due to the rise in raw material prices.

Iron and Steel Markets

Expectations for 2024 intensified in global steel markets

Despite the uncertain outlook in the global steel markets, the balance of money markets and developments in the sector gave various ideas about the direction of the market as 2024 began.

Only premium +plus subscribers can access this content.

Comments

Only +plus subscribers can access this content.

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