2017-2020

[Pages:1]2017-2020

GLOBAL STEEL PRICE FORECAST

China is reducing its steel production by 20%. This will cause demand to outweigh supply for the first time in over a decade. This is expected to cause a sharpe rise in steel prices during 2018 and lasting thru at least 2020.

DEMAND SUPPLY PRICES

4% According to (AIA) construction spending is predicted to increase by 4% in 2018 & accelerate thru 2019.

20%

Chinese officials have stated that they will decrease steel production by more than 165 million (20%) tons by 2020.

10% The EU is expected to make up 10% of the total steel use.

Global Supply and Demand

2,000

1,500

1,000

500

0 2014

2015

2016

2017

Supply

Demand

2018

2019

2020

Price of Steel 2014-2020

600

570

472

430

425

420

400

395 365

200

0 2014

2015

2016

2017

Steel (US$/tonne)

2018

2019

2020

? General Steel Corporation Annual Steel Building Price Forecast

Read the Full Forecast:

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