Worldsteel reports December production of crude steel was 139.6mln/T, -3.7% Y/Y
Newsquawk Staff ·
What it means
Worldsteel's report of a 3.7% year-on-year decline in crude steel production signals potential demand weakness in the metal markets, which could also imply lower future demand for energy inputs used in steelmaking. This decrease may pressure steel prices and related commodities, making it a noteworthy factor for traders anticipating shifts in supply and demand dynamics in the sector.
Sources
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