Insight
Bulk steel alloys: 5 things to look for in 2023
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Report summary
In 2022, bulk steel alloy markets were characterised by diverging trends in China and the west. While western markets were most prominently shaped by the blowback from the war in Ukraine, this had much less of a direct impact in China as the country’s “zero-covid” policy proved to be a much more decisive driver. We expect these themes to remain relevant in 2023. However, alongside this, bulk alloy markets will face a new set of opportunities, challenges and risks. Among the factors shaping these themes will be the energy transition, government policy shifts, geopolitics, and the development of energy markets.
Table of contents
- 1. Chinese economy poised for recovery despite coronavirus risks
- 2. European bulk alloy demand at risk amid economic headwinds and an energy crisis
- 3. Carbon-border adjustment mechanism (CBAM) – Impact to trade and competitiveness for emissions-heavy supply
- 4. Manganese shifts to centre stage in electric vehicle revolution
- 5. The role of silicon metal futures in China
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