Coaltrans Asia 2024 Coaltrans Asia 2024 Coaltrans Asia 2024

Steel market outlook

Steel consumption is set to decrease in 2023, but at a lower rate as demand from steel-using sectors is expected to remain severely undermined until at least the second half of 2023. In 2024, if there are more favourable developments in the industrial outlook and improvement in steel demand, apparent steel consumption is set to rebound (+5.4%).

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