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?

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 prices to reach $1000 per tonne

According to a MEPS report published today, steel prices are headed toward $1000 per tonne. This would bring steel prices back to their levels of July 2008, which was the last steel pricing peak before the crash.

Driven by higher steelmaking input costs [including coking coal, iron ore as well as steel scrap], the current expectation is for world steel prices to reach $1000 per metric tonne by Q3 2011.

 

To read the MEPS report, visit http://www.meps.co.uk/MepsNewsSteelPrices2011.htm

 

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