The Global Steel Industry: A Reshaping is Underway

The transformation the steel industry has undergone has been accelerated over the past 18-24 months, with even greater dynamics underway, said a panel of steel executives and analysts during the first day of Steel Market Update’s 2022 Steel Summit conference in Atlanta, Ga.

Demand trajectories across regions are diverging, finished steel consumption in China is recovering post-lockdowns, but the rest of the world is seeing a decline,” said Panos Kotseras, CRU’s lead stainless steel market analyst. “Long-term sheet demand will be driven by developed Asia.”

David Schollaert

David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.