The global economy is expected to be in a significant recession in 2023. In this situation, global demand, including for steel, may decline. As for China's domestic market, due to China's economic stabilization policy package, investment in infrastructure construction will continue to rise in 2023. In addition, China's overall investment in fixed assets is expected to rise, leading to a significant increase in demand for steel for construction.
In 2022, steel inventories in China have been significantly reduced. As of December 23, China's steel social inventory index stood at 86.1, down 6.7% year on year.
In addition, steel market participants did not stock up in winter, so in the spring of 2023 the steel market will grow. The average steel price is forecast to be higher in the first half of 2023 than in the second half. 2022.
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Metallurgy news
- 08 May 2026
20:00 The Brazilian iron producer, or Samarco, continues to report a net loss despite limited operating profits. 20:00 Brazil's iron ore exports rose 23 percent amid increased shipments to China 19:00 US releases final advertisement on CTL sign from South Korea 19:00 The US initiates a CVD investigation into tin factory products from China 18:00 Assofermet Akçai: Italian steel market faces weak demand and geopolitical uncertainty 17:00 Turkish company Borusan Boru's sales revenue increased by 32.1 percent in the first quarter of 2026. 17:00 Freight traffic on the Chinese Daqin Railway increased by 3.79 percent in January-April 2026 16:00 liberty Galati continues with revised sales target of €444 million due to financing problems
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