An october 2018 release from the world steel association predicted a small increase 1 4 in global steel demand for 2019.
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China is on a building binge and metal prices are surging iron ore nickel copper and other metal prices are rising as china restarts construction and the global economy could benefit.
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China steel fob prices slip further buyers watch sep 30 2020.
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That projection proved to be too conservative as the same report pictured above in october 2019 details increases of 3 9 percent due in large part to an unexpected rise in demand in china.
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The year was challenging for the vast majority of worldwide economies but.
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Historically steel reached an all time high of 4960 in october of 2018.
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