Kallanish Steel, a leading global provider of steel market intelligence and price forecasting, has recently released its latest report on the steel industry. The report, titled “Steel Market Outlook 2022,” provides insights into the current state of the industry and future trends that are expected to shape the market over the next year.
According to the report, the global steel industry has started to recover from the impacts of the COVID-19 pandemic, with demand picking up in many regions around the world. However, the report also highlights ongoing challenges faced by the industry, such as overcapacity, trade tensions, and rising raw material costs.
The report predicts that the global steel market will continue to grow in 2022, with demand expected to increase by around 5% compared to 2021. The recovery in the automotive and construction industries is expected to drive much of this growth, particularly in emerging markets such as India and Southeast Asia.
One notable trend highlighted in the report is the increasing focus on sustainability and environmental concerns in the steel industry. Many companies are beginning to invest in cleaner production processes and more sustainable materials, which could have significant impacts on the market in the coming years.
In addition to its market outlook report, Kallanish Steel also provides a range of other services to help companies navigate the complex and ever-changing steel industry. These include price assessment and forecasting, market analysis, and custom research and consulting.
Overall, Kallanish Steel’s latest report provides valuable insights into the current state of the steel industry and the factors that will shape its future. While challenges remain, the outlook for the industry is generally positive, with strong demand expected to continue driving growth in the coming years.