9,224.84 TRY BIST 100 BIST 100
43.71 EUR EUR EUR
38.44 USD USD USD
5.32 CNY CNY CNY
0.12 CNY CNY/EUR CNY/EUR
46.98 TRY Interest Interest
63.56 USD Fossil Oil Fossil Oil
40.67 USD Silver Silver
4.76 USD Copper Copper
99.25 USD Iron Ore Iron Ore
325.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,094.11 TRY Gold (gr) Gold (gr)

Global market expected to recover in the second half of 2023

According to the statement of the World Steel Association (worldsteel),

Global market expected to recover in the second half of 2023

More than 600 participants attended the 17th New Horizons in the Steel Market conference held in Istanbul on 30 November.

According to the statement of the World Steel Association (worldsteel), the global market will recover in the second half of 2023. Developments in the auto industry and supply chain in China can have a positive impact on the steel industry. The world is entering a new era of transformation. Industries using steel and the nature of steel demand will change.

What the steel industry can do in its global transformation is to use scrap to deliver the expected growth. Converting at least one-third of blast furnaces to direct reduced iron (DRI) steel plants and using green hydrogen and biofuels in production will be future trends. As a result, the entire value chain must shift to greener manufacturing.

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

Egypt boosts sector with new mining law

Wednesday, April 30, 2025

Vallourec signs USD 130 million OCTG steel pipe supply contract in Kuwait

Wednesday, April 30, 2025

Josu Pina Bilbao “SSAB is a pioneer in fossil fuel-free steel”

Monday, April 28, 2025

US steel imports increase by 11.4% in March

Tuesday, April 29, 2025

Vardhman Special Steels to set up new greenfield steel plant in Punjab

Tuesday, April 29, 2025
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
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
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