Commodity Market Report
Steel Market Service - Q4 2021 Outlook to 2035
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
After a robust start, Chinese demand faltered in H2 resulting in an overall decline for 2021 - causing a downward revision to our 2021 forecast. Advanced economies and India cushioned the blow to the global demand and is estimated to grow at 2% in 2021. Crude steel production has also been revised down as China is set to overachieve their zero production growth target. At technology level, BOF continues to remain dominant. Going forward, steelmakers' reliance on blast furnaces has to reduce. Advanced economies must step up as emerging economies like India and SEA will be slow to adopt green initiatives. Read further in our long-term outlook to get our views on: 1) How will the declining Chinese demand and production impact the global demand-supply landscape? 2) How are advanced economies placed to decarbonise? 3) Where are the prices headed? The steel market long-term outlook provides demand-supply analysis and price forecasts out to 2035 and latest dataset upto 2050.
Table of contents
- Demand outlook remains subdued
- Supply to follow in footsteps of demand
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
LNG short-term analytics: Tender tracker
Monthly update of consolidated published buy-side tenders.
$4,000
Insight
Q3 2016 China construction outlook: More room for growth?
We assess the key drivers of China's residential and non-residential construction, and present our outlook to 2035.
$950
Commodity Market Report
LNG short-term trade and price outlook (Q4 2019)
The oversupplied LNG market enters its second year
$2,650
