Steel Price Outlook 2024. According to eurofer’s latest economic and steel market outlook, apparent steel consumption will not recover in 2024 as previously projected (+1.4%) but is instead expected to experience another recession (. The global outlook for steel sector in 2024 is neutral as steel markets will be largely balanced.

Data from the website also showed that while the latest price represents a 9.28% decline from the $112.39 recorded on october 7, it is nonetheless 11.62% higher than the. According to eurofer’s latest economic and steel market outlook, apparent steel consumption will not recover in 2024 as previously projected (+1.4%) but is instead.