Steel Price Forecast 2024 In India 2024. We anticipate that the profitability of steelmakers will rise marginally or remain moderate, aided by improving demand, a slight rise in prices in china, india and europe, and. As well as further steel price reductions of of ~2% in the eu and of ~11% in the usa in 2025.

• steel prices fell most dynamically relative to raw materials • global steel demand was weak in 2023, however it is likely that the low has already been passed • steel producers. Hence, mill stocks may rise beyond current highs, squeezing margins,.