SIGN IN
News
Tata Steel: Steel Prices Could Rise Much Higher in the Next Decade
Add to my favorite
2021-12-01
The Indian Tata Steel CEO T.V. Narendran said steel prices in the coming years could rise much beyond the past few years. The CEO explained the steel market is going through several changes, including cost increase and China's role change in this market. "The last 10 years have been dominated by exports out of China. Now, there's far more stability in world steel trade."
At its peak, China exported more steel than India produced, Narendran said. China's steel exports have since halved to around 60 million tons a year, and could fall further as the country pursues its net-zero carbon emissions goals, and for “the first time in many years,” steel demand is not being driven by China, said Narendran. The World Steel Association expects growth in steel consumption this year comes from countries other than China. “With the Western world investing in infrastructure, that's positive for steel demand as well.”
On the supply side, steel production costs are at “historic high levels” because of coal prices. Iron ore prices, however, have weakened and should trade within the $100 to $120 per ton range in the long term, he said. Steel prices may also be pushed up by the increasing carbon cost in Europe. “I expect to see steel prices at a much higher level than we've seen in the last 10 years, over the next 10 years.”
At its peak, China exported more steel than India produced, Narendran said. China's steel exports have since halved to around 60 million tons a year, and could fall further as the country pursues its net-zero carbon emissions goals, and for “the first time in many years,” steel demand is not being driven by China, said Narendran. The World Steel Association expects growth in steel consumption this year comes from countries other than China. “With the Western world investing in infrastructure, that's positive for steel demand as well.”
On the supply side, steel production costs are at “historic high levels” because of coal prices. Iron ore prices, however, have weakened and should trade within the $100 to $120 per ton range in the long term, he said. Steel prices may also be pushed up by the increasing carbon cost in Europe. “I expect to see steel prices at a much higher level than we've seen in the last 10 years, over the next 10 years.”
tata steel
price rise
next decade
塔塔鋼鐵
鋼價上漲
下個10年
扣件
國際展會
惠達雜誌
匯達實業
外銷媒合
廣告刊登
螺絲五金
五金工具
紧固件
台灣扣件展
印度新德里螺絲展
越南河內螺絲展
墨西哥瓜達拉哈拉螺絲展
美國拉斯維加斯螺絲暨機械設備展
波蘭克拉科夫螺絲展
義大利米蘭螺絲展
德國司徒加特螺絲展
wire Dusseldorf
FASTENER FAIR INDIA
FASTENER FAIR VIETNAM
FASTENER FAIR MEXICO
FASTENER POLAND
FASTENER FAIR ITALY
FASTENER FAIR GLOBAL
FASTENER WORLD
READ NEXT
Subscribe
