Commodity Market Report

Global steel long-term outlook Q2 2018

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28 June 2018

Global steel long-term outlook Q2 2018

Report summary

We have upgraded China and India’s demand – and production – in the medium and long term. The focus remains on the construction sector, with persistent appetite for property construction in China and expanding investment in India. We have revised our medium-term price forecast in Europe and the US. In Europe, we have lowered our price for H2 2018 and for 2019, in response to weakening economic growth and stronger competition from imports. In the US, we now expect that the regional spread will decline at a slower pace.

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