Stainless Steel Price Forecast 2024. As such, we expect second quarter revenues to be in the range of 1.25 to $1.29 billion, with average selling price of 0% to 1% based on these expectations. In 2024, conditional on more favourable developments in the industrial outlook and increased steel demand, apparent steel consumption is projected to recover.
In this insight, we identify the key factors that have contributed to the current price rally and present what we. A december 2023 report from oxford economics predicted 2024 reductions in steel prices of ~7% both in the eu and in the usa;
Indian Steel Prices Are Likely To Face Inventory Pressure In 2024.
Three commodities that shape the price of stainless steel are nickel, chrome, and molybdenum.
We Will Update The Data Trend As More.
Stainless steel pricing trends in 2024.
In 2024, Subject To More Favourable Developments In The Industrial Outlook And Improvements In Steel Demand, Apparent Steel Consumption Is Expected To Recover, Albeit Modestly (+1.6%).
Images References :
Steel Decreased 435 Yuan/Mt Or 11.07% Since The Beginning Of 2024, According To Trading On A Contract For Difference (Cfd) That Tracks The Benchmark Market For This Commodity.
Three commodities that shape the price of stainless steel are nickel, chrome, and molybdenum.
What Does This Data Mean?
So, for example, the price trend for february 2024 will be first calculated in february 2024 and adjusted in march, april and may 2024.