Commodity Market Report
Global steel long-term outlook Q2 2020
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
We forecast an 8% year-on-year fall for global steel demand this year. For the world excluding China, it is a 16% fall. It is a drastic forecast, but risk lean heavily to the downside. If the economic recovery in the world ex-China doesn't start now, global steel demand must sink further. Production has responded quickly to demand declines – a recovery will take two to three years. By then, Chinese output will be in decline and so global steel supply will plateau. Hot-metal production will take decades to recover as 2020 accelerates the shift towards greener steelmaking technologies in key regions. Despite the bleak demand outlook, prices have limited scope for further falls.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Country Report
Global zinc and lead mine cost summary
This global cost summary report examines production and cost trends in the zinc and lead mining industry.
$6,750
Insight
CMRG's role in the iron ore market
Examining the stabilisation efforts and market impact
$1,050
Insight
Indonesia's nickel industry faces operational challenges despite its global dominance
Strategic pressures test Indonesia's ability to maintain nickel market leadership
$1,050
