Global steel prices will likely rise only moderately from current levels for the remainder of 2025 as the market continues to face negative sentiments, rising Chinese exports and trade uncertainty due to US trade tariffs.
“We maintain our 2025 global average steel price forecast at $630/tonne... That said, for the year, we expect prices to rise slightly higher as US prices potentially receive support from protectionist measures under Donald Trump, offsetting bearish pressure from lacklustre Mainland Chinese demand,” said research agency BMI, a unit of Fitch Solutions.
