Expectations for 2024 intensified in global steel markets

We anticipate a rise in upward trends following the New Year's holidays, as well as the gradual emergence of an upward trend in the majority of regions. In order to form warehouse stocks and prepare for a seasonal increase in consumption in the construction sector in the spring and summer, buyers will be forced to accept an increase when orders are activated, which will support the rise in steel prices due to the rise in raw material prices.