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White paper

Downturn, transition or growth for steel pricing in 2024 whitepaper

Steel pricing is an important driver of project costs in the global energy industry and beyond. Fluctuating prices and supply constraints have impacted procurement schedules and new project viability decisions in both traditional oil and gas and new energy sectors in recent years.

This whitepaper assesses recent pricing trends in steelmaking and selected steel product markets, highlighting some of the fundamental dynamics driving Rystad Energy’s forecasts for steel pricing in 2024.