Steel Price Forecast 2024 Usa 2024. Following a 2.3% rebound in 2023, the world steel association (worldsteel) forecasts 1.7% growth in global steel demand in 2024, according to its latest short range. Steel decreased 629 yuan/mt or 16.01% since the beginning of 2024, according to trading on a contract for difference (cfd) that tracks the benchmark market for this commodity.
Three prominent steel analysts proposed their outlooks for next year in the steel price forecast: As well as further steel price reductions of of ~2% in the eu.
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