Alice Sallyanne

Steel Price Forecast 2024 In India. Hrc steel decreased 416.94 usd/t or 38.15% since the beginning of 2024, according to trading on a contract for difference (cfd) that tracks the benchmark market for this commodity. Our forecast for average world hot rolled coil (hrc) and rebar prices in 2024 and 2025 is as shown in the chart below.

A december 2023 report from oxford economics predicted 2024 reductions in steel prices of ~7% both in the eu and in the usa; On the other hand, india is emerging as a bright spot, with strong growth in steel demand projected through 2025.