Current Steel Prices
As of late December 2024, steel prices have been experiencing a gradual decline. The World Steel Association reported that global steel demand is expected to rebound slightly in 2025, but the market is still facing challenges such as lingering effects of monetary tightening and elevated costs.
In terms of specific prices, hot rolled coil prices have seen a significant drop, with the world average price declining by over 25% year-to-date in Octobe.
2025 Price Trends
Domestic Market
In 2025, the domestic steel market is expected to continue facing supply and demand imbalances. Despite some recovery in infrastructure and manufacturing demand, the real estate sector is unlikely to provide a significant boost. The cost of raw materials like iron ore is also expected to remain relatively stable, which could help in maintaining price levels.Overall, domestic steel prices are likely to fluctuate within a range, influenced by economic policies and market dynamics.
International Market
The international steel market in 2025 is anticipated to see a modest recovery in demand, particularly in regions like the EU, the United States, and Japan. However, the market will also be affected by geopolitical tensions and trade policies. For instance, potential tariffs and trade conflicts could lead to volatility in steel prices.Additionally, the global supply of steel is expected to exceed demand, which may put downward pressure on prices.
In summary, while there are signs of recovery in certain sectors, the steel market in 2025 will continue to face challenges. Investors and businesses should closely monitor economic indicators, trade policies, and market trends to make informed decisions.