Global Steel market has fluctuated over the last five years, due to the
overproduction in China driving down prices in 2015. Growth will continue to
vary over the forecast period as trading agreements remain uncertain in light
of President Trump’s tariffs and anti-dumping measures. The Asia-Pacific market
is the most dominate globally, making up 69.2% in 2017. Europe made up 17.5%
and the US which made up 6.8%.
“Overproduction in the Chinese steel market has resulted in the market contracting significantly in 2015. This has been slowed by countries such as the EU and the US implementing anti-dumping measures, with restricted volumes increasing prices. This led to a significant change in 2017 with 26.2% growth.”
Key Questions Answered: