With demand for steel continuing to fall, many are left wondering if we’ve reached the bottom of the price drop.
Another hot topic? The geopolitical landscape, of course. Beyond the ongoing war in Ukraine, China took center stage, with discussions around their new stimulus package. By boosting domestic steel production, China risks flooding the global market with cheap steel, potentially triggering trade wars in an already fragile economy.
And while the upcoming U.S. election was touched upon, the tone was notably more cautious on its potential impacts.
We’ll continue to keep a close eye on these developments and how they impact the future of our industry.