PRICE FACTORS AND PREDICTIONS 2021 - General Steel
1
worldsteel.org PREDICTED STEEL PRICE INCREASE VS ACTUAL 1.4% 3.9% 1.7% 3% 4.1% 2019 Predicted 2019 Actual 2020 Predicted 2020 Actual 2020 Predicted 0 1 2 3 4 5 WHEN ASKED ABOUT WHAT FACTORS COULD INCREASE STEEL PRICES PUBLISHED ECONOMISTS AND WORLDSTEEL.ORG SAID Steel prices increased by 3% in 2020 and in 2021 steel is again predicted to increase by 4.10% or more 1 Construction spending is expected to increase due to China's economic recovery and ending lockdowns Suppliers have not turned on the blast furnaces shut down during 2020, creating decreased supply STEEL BUILDING PRICE FACTORS AND PREDICTIONS 3 2021 HISTORICALLY ECONOMISTS AND EXPERTS UNDERPREDICT STEEL DEMAND AND PRICE GROWTH 2 OTHER FACTORS THAT CAN INCREASE STEEL PRICES IN THE UNITED STATES 3 Every year we survey leading economists and organizations who specialize in predicting where the price of steel will go over the next 12 months. Here's what we found. Expert Prediction for 2021 “In 2021 steel demand is expected to recover to 1,795.1 Mt, an increase of 4.1 % over 2020. A strong recovery in China will mitigate the reduction in global steel demand this year. The post lockdown recovery in steel demand in the rest of the world has been stronger than was earlier expected, but it still marks a deep contraction in 2020, both from developed and emerging economies, with only a partial recovery expected in 2021..” Natural Disasters Tariffs Wars and Conflicts Strength of the Dollar Al Remeithi • Chairman of the World Steel Economics Committee © General Steel Corporation Learn More: Annual Steel Price Forecast
Transcript of PRICE FACTORS AND PREDICTIONS 2021 - General Steel
worldsteel.org
PREDICTED STEEL PRICE INCREASE VS ACTUAL
1.4%
3.9%
1.7%
3%
4.1%
2019Predicted
2019 Actual 2020Predicted
2020 Actual 2020Predicted
0
1
2
3
4
5
WHEN ASKED ABOUT WHAT FACTORS COULD INCREASE STEEL PRICESPUBLISHED ECONOMISTS AND WORLDSTEEL.ORG SAID
Steel prices increased by 3% in 2020 and in 2021 steel is again predicted to increase by 4.10% or more
1
Construction spending is expected to increase due to China's economic recovery and ending lockdowns
Suppliers have not turned on the blast furnaces shut down during 2020, creating decreased supply
STEEL BUILDINGPRICE FACTORS AND PREDICTIONS
3
2021
HISTORICALLY ECONOMISTS AND EXPERTSUNDERPREDICT STEEL DEMAND AND PRICE GROWTH2
OTHER FACTORS THAT CAN INCREASE STEEL PRICES IN THE UNITED STATES3
Every year we survey leading economists and organizations who specialize in predicting where the price of steel will go over the next 12 months.
Here's what we found.
Expert Prediction for 2021
“In 2021 steel demand is expected to recover to 1,795.1 Mt, an increase of 4.1 % over 2020. A strong recovery in China will mitigate the reduction in global steel demand this year. The post lockdown recovery in steel demand in the rest of the world has been stronger than was earlier expected, but it still marks a deep contraction in 2020, both from developed and emerging economies, with only a partial recovery expected in 2021..”
Natural Disasters
Tariffs
Wars and Conflicts
Strength of the Dollar
Al Remeithi • Chairman of the World Steel Economics Committee
© General Steel Corporation Learn More: Annual Steel Price Forecast
![Evolved QCD predictions for the meson-photon transition form factors/67531/metadc833520/... · meson transition form factors from the !Mprocess for the ˇ 0[1], c [2], , and [3, 4].](https://static.fdocuments.net/doc/165x107/60ac90ed61827f42752fab5f/evolved-qcd-predictions-for-the-meson-photon-transition-form-factors-67531metadc833520.jpg)
