Rolled steel is one of the basic materials for most engineering and construction companies around the world. Prices for various types of steel products are extremely volatile in all markets. Therefore, the costs of many consumers of rolled metal products may fluctuate. In order to provide a deeper understanding of the situation http://nizhmet.ru created a single price list for all metal products.
Analysts have made their forecast for the steel markets in 2017, assuming cautious optimism about global economic growth. They also note: "The results of Brexit and the US elections have brought fundamental changes affecting investors." 2017 could be the year of an “active investor” as weak investment around the world held back the recovery in steel demand.
The World Steel Association predicts that global steel demand will rise 0.5% to reach 1.510 billion tonnes, up from 0.2% in 2016 to 1.501 billion metric tonnes, down 3.0% in 2015.
Steel demand in emerging economies has been eroded by low commodity prices and regional conflicts, but going forward, World Steel sees some signs of stabilization in this trend. For example, after two years of contraction, steel demand expects a moderate rebound in 2017.
In addition, a "slight rebound" in oil prices helped stabilize demand for rolled metal products in Russia, Brazil, Mexico, South America and some Middle Eastern countries. Overall, steel demand in emerging markets (excluding China) is projected to increase 2.0% in 2016 and 4.0% in 2017.
Modest economic growth of 4.7 percent is expected in emerging markets, better than the US and the rest of the developed world. India is likely to see GDP growth of 7.6 percent, while the leader of the economy, China, will increase by 6.6 percent. Overall, emerging markets in Asia are expected to grow 6.2 percent, while Eastern Europe, the Middle East and Africa are expected to grow 1.9 percent. Steel demand in developed countries is projected to increase by 0.2% in 2016 and 1.1% in 2017.
