forecast - Latest news GMK Center

The forecast for global growth five years from now is the lowest in decades

Global trade decreased by 1.2% in 2023

In 2025, quotations will decrease to $85-96/t

The price for iron ore is expected to reach $105/t this year

The organization worsened the growth forecast of the Eurozone economy for the current and next years

A slight decrease in production is expected in China, and European steel industry will return to positive dynamics

The price for this raw material is expected to reach $118/t in 2023

The country's steelmakers continue to invest in expanding production

Ukraine's GDP growth is expected to be 4.8% in 2023

The company refers to the weakness of the German economy and the instability of the situation

Another problem will be the need for significant investments

Global demand for steel is expected to grow by 1.8% in 2023 and by 1.9% – in 2024