According to the media reports, international credit rating agency Fitch Solutions’ BMI Country Risk and Industry Research unit has maintained its average global steel price forecast for 2025 at $730/mt, anticipating that the prices in the US will increase amid the planned protectionist measures, which will support average global prices, offsetting downside pressure of lower demand in China.
BMI noted that an improvement in the Chinese property industry following a possibly larger stimulus measure in 2025 would lead prices to move upwards.
Meanwhile, in the long term, BMI expects the average global steel price to decrease to $700/mt in 2026.
