The situation in the metallurgical industry and world steel prices may remain at the current level until the end of March. With the onset of spring, the demand for rolled metal products will increase, so metal traders replenish their stocks and are currently offering metal products at a favorable price. In Yoshkar-Ola, Brokstal LLC has a large assortment of metal products available at https://yola.broksteel12.ru/, including a variety of sheet, section, pipe, shaped steel. The company also provides a wide range of services for metalworking and receiving scrap metal.
Along with seasonal factors, macroeconomic development influences the rolled metal market. Analysts at the World Steel Association believe that a cyclical restructuring in the global market is inevitable, since many international organizations, including the World Bank, have revised their forecasts for global economic growth. “The global economy, as well as the steel market, has already entered a cyclical adjustment process,” the report says. Looking ahead to 2022, analysts predict that the sheet metal market will grow by an average of 4.09% over this period.
The metalworking industry is projected to grow in the next few years. The Metal Fabrication report assesses various aspects describing the volume and growth of the global metal fabrication market.
In January, the basic price indices for various types of metal products recorded a decrease in comparison with the previous month in the world market. In the near future, the Asian market is expected to keep pace with the correction, and the European and American steel markets are likely to continue to show weak performance or decline.
The report, titled Global Sheet Metal Market 2018-2022, includes detailed market data and in-depth information such as Market Size, Development and Forecasts, as well as the most recent industry data on the actual situation on the market and the prospects for the development of the sheet metal market with forecasts up to 2022.
