Deanne Celestine

Steel Price 2024 Forecast. At the turn of the year, s&p global commodity insights looks into the trends that will drive metals markets in 2024 and provides price and balance forecasts. In 2024, conditional on more favourable developments in the industrial outlook and increased steel demand, apparent steel consumption is projected to recover at a faster rate.

At the turn of the year, s&p global commodity insights looks into the trends that will drive metals markets in 2024 and provides price and balance forecasts. A december 2023 report from oxford economics predicted 2024 reductions in steel prices of ~7% both in the eu and in the usa;