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February 2023.pdf

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Preview of February 2023
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📊 Size: 4.12 MB
📄 Pages: 14 pages
⬇️ Downloads: 65

Summary

Hot rolled coil prices bottomed out by the end of 2022 and increased in early 2023, with steel mills pushing through price hikes. Base metal prices also increased due to China easing COVID-19 restrictions and planned support for its property sector. Despite moderating inflation, recessionary concerns linger due to continued interest rate hikes. Steel demand is driven by manufacturing sectors, with the US auto sales falling nearly 8% in 2022, but some analysts expect a rebound in sales this year as supply chains normalize. Global steel output decreased 10.8% in December 2022 compared to the previous year, with China's steel output down 2.1% in 2022.

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Description

Hot rolled coil prices bottomed out by the end of 2022 and increased in early 2023, with steel mills pushing through price hikes.

Technical Information

  • File Format: PDF
  • File Size: 4.12 MB
  • Pages: 14
  • Language: EN
  • Total Downloads: 65
  • Last Updated: 2 weeks ago

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