Global Industry Forecasts - Quarterly Industry Forecasts - Basic Metals
Basic metals production is forecast to grow by 4.5% this year. Production, for steel in particular has slowed sharply in recent months with many producers around the world announcing cutbacks in the face of high iron ore prices. Weakening end-use demand has also weighed on demand for all metals. Next year production is forecast to grow by 1.9%. This 2020 global slowdown is particularly marked in China. Slowing end-use demand will play a role in curbing production.
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