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Photo – The OECD predicts global steel demand growth of 1% in 2023
The OECD predicts global steel demand growth of 1% in 2023

The organization's steel committee is concerned about the growth of excess steelmaking capacity

Photo – Demand for graded products has improved in most markets — IREPAS
Demand for graded products has improved in most markets — IREPAS

At the same time, European plants operate at low capacity

Photo – Goldman Sachs predicts an increase in iron ore prices in the second quarter of 2023
Goldman Sachs predicts an increase in iron ore prices in the second quarter of 2023

Amid a supply shortage, the cost of iron ore may reach $150/ton

Photo – Fitch has raised its forecast for Australian coking coal prices in 2023
Fitch has raised its forecast for Australian coking coal prices in 2023

It is expected that in the current year the price will be $350/t

Photo – Dry bulk rates have been falling since the beginning of 2023
Dry bulk rates have been falling since the beginning of 2023

The beginning of 2023 was marked by a drop in iron ore shipments

Photo – Consumption of steel products in the EU will decrease by 1.6% in 2023 – EUROFER
Consumption of steel products in the EU will decrease by 1.6% in 2023 – EUROFER

The association predicts that the negative trends of last year will continue to influence in 2023

Photo – NBU worsened GDP growth forecast for 2023 to 0.3%
NBU worsened GDP growth forecast for 2023 to 0.3%

The National Bank expects the country's real GDP to grow by 4.1% in 2024

Photo – What will be the dynamics of the world economy in 2023
What will be the dynamics of the world economy in 2023

Analysts expect that in 2023 the economies of Asian countries will grow, while the USA and the Eurozone are threatened with recession

Photo – The dry cargo market in 2023 will be influenced by the situation in China
The dry cargo market in 2023 will be influenced by the situation in China

There are signs that there will be a boom in tanker transportation next year

Photo – Fitch has downgraded the forecast for the shipping industry for 2023
Fitch has downgraded the forecast for the shipping industry for 2023

Reduction of steel production in China will affect iron ore transportation

Photo – Steel production in Europe may fall by 4% in 2022
Steel production in Europe may fall by 4% in 2022

The consumption of steel products in the EU will fall by 3.5% in 2022

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