5,191.83 TL BIST 100 BIST 100
18.80 $ USD USD
€20.45 EUR EUR
€1.09 EUR/USD EUR/USD
9.14 TL Interest Interest
86.66 $ Fossil Oil Fossil Oil
4.23 $ Copper Copper
23.60 $ Silver Silver
126.64 $ Iron Ore Iron Ore
403.00 $ Ship Dismantling Ship Dismantling
1,164.69 TL Gold (gr) Gold (gr)

ALACERO: Demand for steel will fall in 2024

According to the Latin American Iron and Steel Association (ALACERO), between January and August of this year, steel production in Latin America decreased by 3.3% compared to the same period of 2021...

ALACERO: Demand for steel will fall in 2024

The association predicts that the demand for steel will increase in the future. While it is projected to grow slightly in 2023, they say it may shrink by 2024.

ALACERO Executive Director Alejandro Wagner stated that it is possible for steel demand to contract in 2024 due to low global growth, strong energy crisis and geopolitical restructuring due to the war between Russia and Ukraine.

Regarding steel prices, Wagner said the price drops are widespread responses to falling demand after 2021, a year of strong growth. They also stated that the adjustment in steel prices, the resumption of supplies from developing countries, and the rising raw material prices after pressure from China may cause the iron and steel industry to shrink.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Coil prices in Pakistan increased

Saturday, January 28, 2023

2023 flat steel Customs Duty rates have been determined

Saturday, January 28, 2023

London Metal Exchange (LME) base metal prices decreased

Saturday, January 28, 2023

Turkey's imported scrap prices increased

Saturday, January 28, 2023

Turkey's Hot Rolled Coil Exports decreased

Saturday, January 28, 2023
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences

Global Iron and Steel Exchanges

Iron and Steel Indices, Price and News

E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Feedback
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now