Global noble steel alloys short-term outlook November 2023 Report

Commodity Market Report 07 December 2023

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Report summary

The global noble steel alloy markets have persistently encountered challenges due to subdued global macroeconomic conditions. In China, major steel consumer market like real estate has taken a backseat amidst the country’s uncertain macroeconomic environment. Given the scenario, noble alloy prices faced headwinds due to declining demand from the steel markets. Looking forward, the price projections in 2023 have been adjusted accordingly to mirror the slowdown in the market. Please read our report to find out more about these trends, our forecast and the latest movements in the market.