We are excited to announce that as of February 1, Wood Mackenzie is a portfolio company of Veritas Capital, a leading investor at the intersection of technology and government. Our focus remains on providing you with the best intelligence, analytics, data and tools to ensure you are making the best data-driven business decisions with confidence.  

Read more in our news release here. 

Commodity Market Report

Global steel 10-year investment horizon outlook - Q3 2022

Get this report


You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

30 September 2022

Global steel 10-year investment horizon outlook - Q3 2022

Report summary

Weak global cues and the Russia/Ukraine war weigh on the steel market outlook. The prolonged Russia/Ukraine war is resulting in soaring energy prices and global supply chain and trade disruptions. Chinese steel demand plunged following the property sector’s downfall. As a result, we have revised the Chinese consumption outlook downwards for 2022. Western economies are struggling with inflation woes and heightened risks of recession which will impact consumer spending. Strong demand growth in India will be overshadowed by the weakness in other major economies, causing global demand to decline in 2022. Global steel supply will mirror demand. Decarbonisation initiatives to start gaining momentum.

Table of contents

  • Enhancement update
  • Demand
  • Supply
  • Prices
  • Investment

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    Global Steel 10 Year Investment Horizon Outlook – Q3 2022.pdf

    PDF 3.64 MB