Global steel production fell in y/y terms in February, driven by a double-digit contraction in China. Our expectation is that high energy costs and softer construction-led demand growth in China will prevent a strong uptick in steel output growth in the coming months.
Long Run Outlook Drop-In (23 March, 11:00 EDT/15:00 GMT): What will be the lasting impacts of the war in Ukraine? What legacies will the pandemic leave? What does a future of higher inflation mean for economies and markets? Neil Shearing hosts this special discussion with senior economists about the long-term investing outlook on Wednesday. Register here.
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