Econometric steel price forecasts 2027 - scrap, rebar & hot rolled coil.

Steel price forecast to 2027

Five year price projections from econometric forecasting model

The following charts compare the actual prices and the predicted prices of ferrous scrap, rebar and hot rolled steel coil (HRC) over the 10 years period 2009-2018, as assessed by the MCI econometric model. We use the same econometric model to predict global steel prices to 2027 [five year projections].

Product is 'scrap: old Steel' as defined under harmonised system code 720449. This definition covers the largest category of internationally traded ferrous scrap. Statistical analysis indicates an R² of 0.93, meaning that the MCI regression model accounts for ~93% of the observed scrap price variation.

Product is 10-12mm reinforcing bar in lengths. Statistical analysis indicates an R² of 0.89, meaning that the MCI regression model accounts for ~89% of the observed rebar price variation.

Product is unpickled wide strip <3mm gauge. Statistical analysis indicates an R² of 0.86, meaning that the MCI regression model accounts for ~86% of the observed variation in the price of hot rolled coil.

Steel price projections from the MCI econometric analysis are available for purchase for US $250+VAT per product. These steel market analyses, updated monthly, show price projections for scrap, rebar, hot rolled coil, hot dip galvanised coil (HDG steel, or GI), and organic coated sheet (PPGI) by month for the next 5 years. Future prices are identified according to the statistical relationship between historic steel product prices and the historic values of a number of key steelmaking inputs (including selected steelmaking raw material costs, energy costs, and other macroeconomic parameters); and a number of independent projections of these variables. All metal price predictions are of future world export prices, expressed in nominal US dollars per metric tonne.

A discount of 15% is available (on the 2nd or 3rd forecast) if you buy pricing projections for two products or more.
Please email info@steelonthenet.com to make multiple purchases.

NOTE - THIS SERVICE IS SUSPENDED FOR 2 WEEKS BUT WILL RESUME on 15th MAY 2022.

Note: purchasers will receive a short written report of ~five pages or more describing the metal price projections. This research report will be sent by email within 24 hours of payment receipt. The $250 purchase price does not entitle buyers to any insights into the workings of the econometric model itself however; this must remain proprietary know-how. VAT will additionally be charged as appropriate.

Related Links
2030 Forecasts
Industry Trends
HRC Cost Curve

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