Price forecasts to 2025
Projections from James F King econometric model
Prices are annual averages. All forecasts are in nominal US $ terms. Steel product price is a weighted average of prices for plate, HR coil, CR coil, galvanised, rebar, merchant bar, wire rod and sections.
Scrap prices describe fob prices, European port (Rotterdam). Iron ore prices are for 64% Fe sinter fines $/tonne, dry CFR China spot basis.
Note the full spreadsheet analysis supplied with annual subscription includes the items in the chart and FOB and delivered prices for iron ore pellets, metallurgical coal and coke, steel slab, billet and individual finished steel products. The chart shown is for illustration only. Data and forecasts are updated monthly for paid subscribers.
Price and cost forecasts (including latest update of the chart above) to the year 2025 cost just $400 for an annual subscription (12 analyses, supplied monthly by email)†.
See example. Author: James F King.
†Please note: VAT will additionally be charged as appropriate.