Insight
Steel: 5 things to look for in 2023
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Report summary
Akin to 2022, 2023 will also be a tale of two halves for steel. The first half will stay muted due to macro woes and Covid spread in China whereas the second half will fare relatively better as we believe global economic activity will revive and Chinese construction will gather pace. India, the US and China would be the key demand drivers in 2023 as EU+UK and the CIS region struggle’s to keep pace. In this insight we assess the outlook for steel markets in 2023, focusing on five topics: 1) Are the gloomy days over for Chinese property markets? 2) Russian semis to adjust to a new norm as sanctions take effect in 2023 3) Optimism grips new green metallic hubs 4) Cost suppression to aid margin expansion for steelmakers 5) IIJA: the make or break for US steel consumption
Table of contents
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Steel: 5 things to look for in 2023
- 1) Are the gloomy days over for Chinese property markets?
- 2) Russian semis to adjust to a new norm as sanctions take effect in 2023
- 3) Optimism grips new green metallic hubs
- 4) Steadying the nerves of steelmakers: Easing supply disruptions to suppress costs aiding margin expansion
- 5) IIJA: the make or break for US steel consumption
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