Steel Products Prices North America
January 2, 2020
CRU: 2020 Multi Commodity Outlook
Written by CRU Americas
By Peter Ghilchik, Head of CRU Multi Commodity Analysis and Production, from CRU’s Global Steel Trade Service
CRU expects a return to commodity demand growth in 2020, albeit a weak recovery, as industrial production growth recovers to 2.2 percent; however, risk is heavily weighted to the downside. Economic uncertainty, weak demand and an increasing focus on the costs of environmental policies played on the market in 2019. There is no end in sight for the U.S.-China trade war and further monetary policy easing is expected. Could we be at the bottom of the commodity price cycle? It depends on where you look.
