Atradius Atrium
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We expect global basic metals output to slow down to 2.2% this year, after a 5.7% increase in 2023. Main reason is lower production in China and India.
We expect US basic metals output to increase by 3.2% in 2024 and 4.5% in 2025, mainly driven by government stimulus like the Inflation Reduction Act.
Chinese steel producers are suffer from the ongoing liquidity woes in the property sector and subdued economic growth.
The country´s rapid economic development, urbanisation, and growing population will sustain metals and steel production in the mid to long term.
The sector has suffered from high interest rates, an industrial recession and weak external demand.
Please download the report below to read more about Industry trends metals and steel