Steel Price Outlook 2024. Our forecast for average world hot rolled coil (hrc) and rebar prices in 2024 and 2025 is as shown in the chart below. The lingering property crisis in china continues to put pressure on the steel demand.

The european steel sector will return to positive growth after a few years of contraction, aided by automotive, industrial production and infrastructure spending amid. According to eurofer’s latest economic and steel market outlook, apparent steel consumption is further deteriorating.