Steel market outlook 2022

Our 2022 steel market outlook for global steel prices has just been published. This document describes our views on the expected price of steel in world markets for 2002-2023, in the context of the next steel price cycle.

The review is available for free for all our site visitors to read, at https://www.steelonthenet.com/market-outlook.html

 

Andrew M Kotas

Steelonthenet.com

Steel industry news and information

Have you visited our website recently? Why not check out our steel industry news and information portal at https://www.steelonthenet.com for steel news, steel prices, steel cost models, free industry reports and more?

Price of steel

We are often asked: what is the price of steel?

For historic world prices, visit us at http://www.steelonthenet.com/steel-prices.html.

blogger@steelonthenet.com

Price of steel tinplate

Did you know that we shown monthly tinplate prices on our website?

For the latest world tinplate prices, visit us at http://www.steelonthenet.com/steel-prices.html.

Better still why not subscribe to our steel price service, and get access to steel prices for the last 15 years?  

The cost is just $120 per year.

Regards.

Andrew M Kotas

Website: www.steelonthenet.com

World steel prices 2001 - 2016

We now show world steel prices for the period 2001- 2016 on our website. Visit us at http://www.steelonthenet.com/steel-prices.html.

blogger@steelonthenet.com

World steel export prices

We now publish world steel export prices online. For recent monthly fob prices in $ per metric tonne for hot rolled steel coil, cold rolled coil, hot dip galvanised steel (GI), organic coated sheet (PPGI), tin plate and rebar, visit http://www.steelonthenet.com/export-prices.html.

With compliments from the steel markets team at http://www.steelonthenet.com/

blogger@steelonthenet.com

Steel price spreads - flat and long products

We now show historic steel prices spreads on our website.

If you are thinking of investing in a billet mill or in rebar production, our scrap-billet or billet-rebar price-spread charts may interest you.

If you are thinking of investing in flat product production, our slab-hot rolled coil and hot rolled–cold rolled coil price spreads may be of interest.

Access to the price spread graphs is free, and all steel charts are updated monthly. Visit http://www.steelonthenet.com/price-spreads.php

With our compliments…

Dr Andrzej M Kotas

Managing Director

Metals Consulting International Limited

Website: www.steelonthenet.com

European flat product markets remain subdued

MEPS just reported more gloomy news from the European flat rolled markets. According to a report published today:

 

-          buyers feel that prices still have some way to go downwards, and are holding off placing new orders

-          Steel service centres are keeping inventories low because they are unclear about the direction of steel prices

-          The German strip market is described as difficult

-          French buyers remain very cautious given the current economic and financial uncertainty in the EU

-          Whilst the Italian economy remains weak so market sentiment remains dampened.

 

For original report, see http://www.meps.co.uk/Keynote10-11.htm. Let us hope for more positive news as the New Year approaches.

 

blogger@steelonthenet.com

 

Correction - steel prices to stay flat ...

We quoted an FT report on 31st March suggesting 'Steel prices set to soar...'

Four months on, we wish to correct this perspective. Our current best estimate is that steel prices will stay more or less flat for the next 12 months. This is because of slower-than-expected world economic growth, and relatively low steelmaking capacity utilisation rates in the coming months ...

For the latest [free] steel price forecasts 12 months out, please visit http://www.steelonthenet.com/price_forecasts.html.

blogger@steelonthenet.com

Steel prices set to soar

Steel prices are set to soar by up to 33% according to a report in the Financial Times. This is the view expressed today after miners and steelmakers agreed a ground-breaking change in the iron ore price system, based on abandonment of the old annual 'benchmark' iron ore pricing mechanism and adoption of a quarterly spot market price related pricing scheme.

For further news on this, see original FT report.

blogger@steelonthenet.com

World steel prices: price recovery in the medium term

A few steel industry colleagues have been asking the www.steelonthenet.com team how we see world steel prices evolving in the medium term. In reply, looking the world economic picture as well as at probable raw material price developments, our assessment is that:

- steel prices will remain at H1 2009 levels for the next 6-9 months … meaning we see steel prices as essentially stable to Q2 2010;

- we then see prices recovering slowly. We predict a price recovery from Q2 2010 of perhaps 40% across the following two years [to mid-2012];

- we see further recovery of world steel prices to around 50-60% above Q2 2010 levels in 2013-2014.

This means therefore that (in our view) steel prices will take a little while [maybe 3 years or so] to recover to their end-2007 / early 2008 level, but that we do not foresee a return to the extraordinary prices levels of mid-2008 for some time.

blogger@steelonthenet.com

Steel prices at bottom of cycle ?

Flat product prices appear to be at or close to the bottom of the cycle. This is the latest view from Sheffield-based steel consultants MEPS. Recent price forecasts appear to have changed very little since April 2009. Whilst there is still some negative pressure on transaction values due to subdued demand and bloated inventories - and transaction values may slip a little further in June 2009 - steel prices should stabilise during the third quarter of 2009. Steel product prices are then forecast to start rising in the final quarter of this year, with further advances predicted early in 2010 as the world economic climate improves.

To read the full MEPS price report, visit http://www.worldsteelprices.com/news4.htm.

blogger@steelonthenet.com

Steel prices back on the rise?

A MEPS report http://www.meps.co.uk/keynote01-09.htm today suggests that EU steel prices will be back on the rise soon. Steel prices - according to MEPS – have now bottomed. Visit MEPS to see the their latest report…

blogger@steelonthenet.com

Steel prices climbing higher still

MEPS today suggest that despite steel prices being at an all time high, finished product prices can be expected to go higher still in September. This is despite current prices for hot rolled coil being ~$500-$600 per tonne higher than they were 12 months ago.

For full report, visit http://www.meps.co.uk/viewpoint8-08.htm.

blogger@steelonthenet.com

Declining steel prices [MEPS]

MEPS Consultants today report that world steel product prices declined in July faster than anticipated - mainly as a result of decreases in EU and North American flat product prices. The consultancy forecasts reasonably stable pricing into early 2008, suggesting that price increases in the North American market are likely to be offset by reductions in the EU.

MEPS also consider that a significant pick up will take place later this year in the North American flat products sector after the current destocking phase. Prices in this region are unlikely to attract imports to slow the escalation in the medium term. According to MEPS, both flat and long product prices in the EU are forecast to retreat over the next six months from their dizzy heights in 2007.

For original report, visit http://www.meps.co.uk/steel%20price%20forecast%20composite7-07.htm

blogger@steelonthenet.com