Reports from Reuters indicate that steel exports in October 2024 reached 11.18 million tons, marking a 10.1% increase from the previous month and a substantial 40.8% increase compared to October 2023.

This forecast comes from the steel producers’ association EUROFER in its Economic and Steel Market Outlook for 2024-2025, Q4.

According to Construction World, the Indian government is crafting a specialized stimulus plan to expedite the production of environmentally sustainable steel within the nation. This package will encompass subsidies for firms investing in green technologies.

Imports of rolled steel saw a 7% year-on-year increase. Over January-July 2024, the European Union slashed its imports of steel products (including rolled and semi-finished products) from third countries by 7% compared to the corresponding period. This data is sourced from the EUROFER Economic and Steel Market Outlook 2024-2025, Q4.

The world stainless association released figures for the first half year of 2024 showing that stainless steel melt shop production increased by 6.3% year–on–year to 30.4 million metric tons.

With supportive government policies and favorable market conditions, both production and prices are expected to maintain a strong upward trend.

Stainless Steel Prices Indicate Recovery Amid Changing Market Dynamics

hello everyone! welcome to ronsco weekly! this article is to providing the latest chinese steel prices and market trends every week. if you are interested in our information and article, please focus on our website to stay up to date with future updates.  this week, the chin

hello everyone! welcome to ronsco weekly! this article is to providing the latest chinese steel prices and market trends every week. if you are interested in our information and article, please focus on our website to stay up to date with future updates.  steel prices e

hello everyone! welcome to ronsco weekly! this article is to providing the latest chinese steel prices and market trends every week. if you are interested in our information and article, please focus on our website to stay up to date with future updates.  the chinese market