Steel market forecast

Follow the North American steel market and watch it unfold

The pressure of ESG and sustainability weigh heavily on the steel industry. 

The decisions that you make today now have an even greater impact on the performance and profitability of your business tomorrow. The steel market is evolving right before our eyes and to plan strategically, you must understand what's driving change and when to take action.

Fastmarkets provide in-depth, data-led forecasting with an over 95% accuracy rating. Our short-term steel market forecasts can help you understand shifting supply and demand dynamics, price changes, and what the future holds for the North American steel market.

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We provide short-term market outlooks by commodity or commodity group.

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Sample our US rebar price forecasts for November and speak to one of the team to find out more:

Sample our US HRC price forecasts for November and speak to one of the team to find out more.

US domestic HRC and CRC prices registered their first month-on-month declines in October in over a year, and the HRC index averaged at $2,214 per tonne versus our forecast of $2,106 per tonne.

Factoring a slow uptake from the automotive sector at the end of 2021, some steelmakers brought forward maintenance 

closures that were initially scheduled for 2022, and expectations of lower availability of the material in November and December have been supporting the price level.

We forecast that decreases in the US coil prices will intensify in the coming months
under pressure from... 
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Where are US HRC prices heading in 2022?

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Where are US rebar prices heading in 2022?

US domestic rebar prices were flat October, and the assessment has been unchanged at $1,086 per tonne since the middle of August. We believe that rebar prices are at their peak, and they should move down in November and December amid reports about increasing spot availability at mills and higher inventory levels in the supply chain. On the upside, a spike in Turkish

import scrap prices led to higher rebar prices from Turkish exporters, reducing the competitiveness of foreign material for US buyers as the gap between domestic and import prices narrowed to just $28 per tonne at the end of October... Speak to our team to learn more about this price forecast.

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Reduce uncertainty with our short-term price forecasts and market analysis. Let our North American steel market outlooks help you understand what's driving change and plan for the future.

Access the most up-to-date outlook for the North American steel market today.

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