Strong recovery expected in 2021, but steel, ferro-alloys market unlikely return to pre-Covid levels
Despite a quicker-than-expected recovery across certain regions following the economic fallout of the Covid-19 pandemic and expectations of a stronger recovery overall in 2021, a return to pre-coronavirus levels next year is unlikely across the steel industrial chain
, delegates were told.
Participants in the steel panel discussions said they expect the recovery in 2021 to get to around 70-90% of the pre-pandemic level.
China is likely to continue to lead the economic recovery in 2021, due to various stimulus measures introduced from the second quarter to counteract the effects of the pandemic
, which have led to steady demand for steel and ferro-alloy products.
China’s steel demand optimism in 2020
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