The latest round of statistical releases has confirmed the inevitable, and global steel demand growth is now showing signs of slowing. In the US, the erratic government policy has started to smother the domestic market, particularly the automotive sector. The unresolved NAFTA negotiations, CAFE standards, high steel prices and now the 232 investigation into automotive trade have all acted to compound uncertainty and defer investment decisions in the sector. Similarly in Europe, the signs of deceleration are becoming apparent as automotive registrations have been easing through the first quarter. Meanwhile in China, we continue to forecast moderate steel demand growth. However, further restrictions on housing purchases and falling white good exports pose downside risks to our view.
Why buy this report?
Our detailed report looks at why global steel demand growth is now showing firm signs of slowing. Make strong investment decisions on global opportunities by using this report to:
Understand the trends our analysts see for production in 2018 and beyond
How the current uncertainty in the market will impact on pricing looking forward to 2022
The accompanying spreadsheet will allow you to delve into the detail of our forecasts by country producer