Commodity Market Report
Global steel long-term outlook Q2 2020
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
We forecast an 8% year-on-year fall for global steel demand this year. For the world excluding China, it is a 16% fall. It is a drastic forecast, but risk lean heavily to the downside. If the economic recovery in the world ex-China doesn't start now, global steel demand must sink further. Production has responded quickly to demand declines – a recovery will take two to three years. By then, Chinese output will be in decline and so global steel supply will plateau. Hot-metal production will take decades to recover as 2020 accelerates the shift towards greener steelmaking technologies in key regions. Despite the bleak demand outlook, prices have limited scope for further falls.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Global inflation outlook Q2 2025
Wood Mackenzie's proprietary inflation forecasts for selected countries.
$3,250
Insight
Scenario analysis of US auto tariffs’ impact on steel
Tariffs here, tariffs there, tariffs everywhere
$1,050
Insight
Zinc energy transition outlook 2025
Zinc will play a vital but unglamorous role in the energy transition.
$1,050
