Commodity Market Report
Steel Q2 2021 update to 2040
Report summary
Globally, steel markets flat-lined in 2020 - zero supply and demand growth. But 2021 growth looks promising and will reduce some of the scarring caused by the pandemic. This near-term upward revision to the base sticks with the forecast through to the long term. When will Chinese supply and demand ease? Can India recover swiftly from the pandemic and become the global engine for steel demand growth? Will carbon price EU steelmakers out of the market? The Global steel market long-term outlook provides detailed supply and demand analysis and price forecasts for the steel market out to 2040.
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