How will 2024's top trends shape the market outlook?

MEPS International reveals the top steel market trends of 2024 and shares its outlook for 2025 in the December episode of its Speaking of Steel podcast series.

Market analysts have been analysing this year’s trends to compile 2024 global steel market summaries and five-year forecasts for the steel price and market insight provider’s annual Steel Price Outlook report.

Ahead of the report’s December 12 publication, MEPS’s head of price analysis and forecasts, Kaye Ayub, and market analysts Jon Carruthers-Green and Ewan Gilfillan joined managing editor Tom Sharpe to reflect on some of its conclusions.

Following this week’s recording of the ‘How will 2024's top trends shape the market outlook?’ episode, Sharpe said: “Global steel markets have been subdued across the world in 2024, but the factors behind the slowdown – both economic and political – make for some compelling reading. 

“There’s a huge breadth of work reflected in MEPS’s 2024 Steel Price Outlook and it was fascinating to get together with some of the team behind it to discuss the events of the past 12 months and what lies ahead.”

Among the topics explored in the ‘Speaking of Steel: How will 2024's top trends shape the market outlook?’ podcast episode are:

• Economic slowdown in China and Europe
• Steelmaking overcapacity and its effect on prices
• The global increase in trade defence measures
• How automotive's shift to EV is affecting steel demand

Speaking of Steel is available via all major podcast providers. Click on the below links to listen to the latest episode.

YouTube

Spotify

Apple Podcasts

MEPS’s Steel Price Outlook report provides steel price forecasts spanning the period from 2025 to 2029. It contains insight into the European, North American and East Asian markets for both long and flat steel products, alongside economic overviews of each region and analysis of global raw materials prices.

For details of how to access all this information, secure your copy of the Steel Price Outlook Report online or contact MEPS directly.