Commodity Market Report
Global bulk steel alloys short-term outlook February 2024
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
As we expected, though logistical challenges remain significant, the past month has seen many alloy prices in Western markets fall back. Chinese prices have also generally continued to fall. However, we believe this will prove to be temporary. Across most markets and geographies, we expect prices to rebound later in 2024 and into 2025 as markets rebalance and prices move back into line with production costs. Ore prices remain polarised, with chrome ore prices still highly elevated and forecast to decline into 2025. In contrast, manganese ore prices remain low. They are beginning to move up, and we expect a sustained recovery over the next two years.
Other reports you may be interested in
Commodity Market Report
Global product markets short-term outlook February 2022
Monthly global commodity market reports and global product-by-product supply- demand balance with stock forecasts and a net trade forecasts
$1,900
Commodity Market Report
Global product markets short-term outlook February 2023
Monthly global commodity market reports and global product-by-product supply- demand balance with stock forecasts and a net trade forecasts
$1,900
Commodity Market Report
Macro oils short-term outlook: April 2024
This quarter’s tighter fundamentals provide support to prices as the oil market focuses on political risk
$2,000
