Steel Price Forecast 2024 Pdf 2024. Global steel demand to drop by 0.9% in 2024, rebound by 1.2% in 2025, with china facing decline. Global steel consumption is now forecast to decline to 1.75 billion metric tons for 2024,.

Worldsteel short range outlook october 2024. Chinese steel demand is due to fall by 3 per cent this year and a further 1 per cent in 2025, the group added.