Global bulk steel alloys strategic planning outlook - Q1 2023
After a year marred by gloomy macroeconomic sentiment and weak end-use consumption, most western economies are set perform better than initially feared prior to Q4 2022. Along with the "reopening" of China, following a year of disruptive lockdowns, this will provide a boost to bulk alloy consumption over the early-2020s. Beyond this, a decline in China's crude steel output will undermine consumption, though stainless steel will provide some upside for ferrochrome and ferrosilicon. Due to slower long-term demand growth, bulk alloy markets will be adequately supplied by existing capacity and known projects, through much of the outlook.