Pakistan Institute Of Development Economics
Steel Market Outlook Deteriorates
Demand Slump Weighs on Prices
Weak Economic Prospects, High Inventories Impact Industry
The global steel market is facing a challenging outlook, with prices softening due to weaker demand and high inventories. According to a recent report, the industry has been hit by weaker economic prospects, particularly in key steel-consuming sectors such as construction and manufacturing. As a result, steel demand has declined, leading to a surplus of supply and a subsequent drop in prices. The report highlights the impact of these factors on the steel industry, providing insights into the current market dynamics and future projections. 
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