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Photo – Global electricity demand to grow by 3.3% in 2024
Global electricity demand to grow by 3.3% in 2024

This year it will increase by about 2%.

Photo – Demand for steel in the European Union will grow by 0.3% in 2023 – EUROFER
Demand for steel in the European Union will grow by 0.3% in 2023 – EUROFER

The growth of consumption will be ensured by the automotive and machine-building sectors

Photo – Australia may abandon hydrogen exports in favor of green steel – Sanjeev Gupta
Australia may abandon hydrogen exports in favor of green steel – Sanjeev Gupta

The future of the country may lie in the use of DRI in conjunction with electric arc furnaces

Photo – Consumption of steel products in the EU in 2022 fell by 7.2% – EUROFER
Consumption of steel products in the EU in 2022 fell by 7.2% – EUROFER

Apparent steel consumption expected to fall 1% in 2023

Photo – Iron ore quotations are approaching the $100/t mark
Iron ore quotations are approaching the $100/t mark

Iron ore futures on the Dalian Commodity Exchange for the week of April 21-28, 2023, decreased by 2.3% compared to the previous week

Photo – Iron ore prices fall to a four-month low of $107/t
Iron ore prices fall to a four-month low of $107/t

Iron ore futures on the Dalian Exchange for the week of April 14-21, 2023, decreased by 5.3% compared to the previous week

Photo – Global graded rolled products market remains volatile – IREPAS
Global graded rolled products market remains volatile – IREPAS

European producers fight for orders, China did not show the expected recovery

Photo – Fitch has revised its 2023 iron ore price forecast upward
Fitch has revised its 2023 iron ore price forecast upward

As the agency expects, iron ore quotations in the current year will be $125/t

Photo – Iron ore prices could fall by almost 30% by the end of 2023 – forecast
Iron ore prices could fall by almost 30% by the end of 2023 – forecast

According to analysts, the price of raw materials will be $90-100/ton by the end of the year

Photo – Iron ore prices will fall to $90/t by the end of 2023 – expert
Iron ore prices will fall to $90/t by the end of 2023 – expert

Currently, the price of raw materials remains at a high level

Photo – Global steel industry to generate high profits in 2023 — Moody’s
Global steel industry to generate high profits in 2023 — Moody’s

Global demand for steel improved at the start of this year

Photo – Moody’s predicts a decline in iron ore prices in 2024
Moody’s predicts a decline in iron ore prices in 2024

Prices are expected to be above $100/t in the first half of 2023

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