Steel Price Forecast 2024

Steel Price Forecast 2024. Our forecast for average world hot rolled coil (hrc) and rebar prices in 2024 and 2025 is as shown in the chart below. Steel decreased 547 yuan/mt or 13.93% since the beginning of 2024, according to trading on a contract for difference (cfd) that tracks the benchmark market for this commodity.

The world steel association forecast china’s steel demand to fall 3% this year and 1% in 2025, leaving plenty. China’s 2024 steel exports expected at up to 110 mln tons.