Commodity Market Report

Global steel investment horizon outlook - Q4 2023

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Global steel demand in 2023 is slated to dip marginally year-on-year. The Chinese property sector continues to tumble with challenges despite intense stimulus measures announced by the government. India is enjoying a double-digit demand growth spurred by pre-election investment in infrastructure while, Europe has been suffering from high inflation and interest rates, with steel demand declining at 6.5% year-on-year. Over the long term, Chinese demand will shrink due to weakening demographics. Emerging powers like India and Southeast Asia will enjoy a positive demand growth, primarily led by infrastructure and housing demanded by growing populations. Over the next decade, the steel industry is poised to make tremendous investments totalling US$845 billion - most of it directed towards sustaining capex. The steel market's investment horizon outlook provides a comprehensive analysis, including demand-supply dynamics, price forecasts, and investment prospects for the next decade.

Table of contents

  • Demand
  • Supply
  • Prices
  • Investment

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What's included

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  • Document

    Global Steel Investment Horizon Outlook Q4 2023.pdf

    PDF 2.41 MB