18
Oct
15:39
Developing economies show demand resilience, developed ones struggles
Steel demand growth is expected to perform vastly differently again in 2023 in developed economies versus emerging and developing ones, with the former weighed down by monetary tightening, Kallanish notes.
Developed economies steel demand is expected to contract by 1.8% on-year in 2023 to 368.2 million tonnes after falling by 6.4% in 2022. Demand in emerging and developing economies excluding China will show growth of 4.1% in 2023 to 507mt, worldsteel notes. The l…
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Anonymous
Very good overview of the weekly steel market.
Anonymous