Esharelife Think Tank is pleased to share the good news that the publication “The End of Steel Price Hike?” by Dr Maurizo Bragagni OBE and Dr Lorenc Xhaferraj got worldwide recognition and was republished by The European Financial Review.
The above-mentioned magazine is a leading financial intelligence magazine, read widely by financial experts and the wider business community. It is designed to ensure that business leaders make informed decisions as they develop financial knowledge and is indispensable in helping businesses stay ahead of the competition.
Our publication “The End of Steel Price Hike?” explored the role of steel in the economy and its price as the most widely used material for building the world’s infrastructure and industries, and predicted it will continue to play an essential role in achieving sustainable economic development goals.
Steel prices have surged during the post-Covid-19 recovery as supply has struggled to keep up with demand. Prices for some products and markets hit all-time highs in 2021 and detached from costs. Lengthening lead times and increasing demand has made it difficult for manufacturers and suppliers to build up stock levels.
In 2022, steel demand is expected to grow slightly worldwide, while the market is likely to remain oversupplied. The most significant risk for steel producers remains a drop in demand from China and its related downward impact on steel prices.
In conclusion, during 2022 steel prices are likely to continue to fall along with the drop in iron ore prices, but they will remain elevated compared to their historical level.