Steel prices may peak this year

Steel prices may peak this year

Steel price is forecasted to reach its peak in 2021 as supply gradually stabilizes, domestic demand is likely to increase by 8%.

SSI Research has just released an evaluation report on the steel industry with forecasts that steel prices tend to continue to rise and will reach peaks this year. “We expect steel prices to remain stable in the coming months as world demand recovers and supply disruptions. However, prices may peak at some point in 2021 as supplies gradually stabilize. assessment, “the analysis team assessed.

The absence of a steady uptrend and the ability to adjust when the market is stable in supply may lead steelmakers’ margins to normal levels, instead of surging like year-end. before.