Iron & Steel
The global steel and metals industry is poised for transformative changes in 2024 and 2025. The World Steel Association’s forecast indicates a nuanced outlook driven by regional dynamics and economic factors.
Global steel demand is expected to increase by 1.7% to 1.793 billion metric tons in 2024, with a further rise to 1.815 billion metric tons in 2025. India’s rapid economic development and urbanization are projected to drive an 8% growth in demand over the next two years. In contrast, China’s steel demand, after a 3.3% decline in 2023, is anticipated to stabilize in 2024 but decrease by 1% in 2025 due to reduced real estate investments, partially offset by infrastructure and manufacturing growth.
Regional dynamics highlight the complexity of the global market. In Europe, high inflation and tight monetary policies have constrained growth, but a projected 5.3% increase in demand by 2025 offers optimism. However, European producers face high energy costs and the need for cleaner production investments.
In contrast, U.S. metals and steel demand is set to rebound after two years of contraction, driven by investment activities and government stimulus, such as the Inflation Reduction Act. The U.S. is expected to see a 3.2% increase in basic metals output in 2024 and a 4.5% rise in 2025, benefiting from lower energy prices compared to Europe and Japan.
The global steel and metals industry is on a path of gradual recovery and growth, marked by regional disparities and evolving market dynamics. India’s robust demand growth contrasts with China’s decline, while Europe and the U.S. navigate unique challenges and opportunities. Sustainability considerations will play a crucial role in shaping the industry’s future.
At Arij, our commitment to excellence extends to our comprehensive range of iron and steel products, meticulously curated to meet the diverse needs of various industries. From foundational raw materials to refined finished products, we offer a wide array of solutions designed to cater to every stage of the manufacturing process. Our iron and steel category encompasses Steel Raw Material, Semi-Finished Steel, Finished Steel, and Ferro Alloys. Each category is carefully curated to deliver superior quality, reliability, and performance, ensuring that our customers receive nothing but the best for their industrial applications.
Arij’s Iron & Steel Product Categories
As a reliable and seasoned steel exporter, Arij Global Trading is dedicated to addressing your steel product needs. We provide an extensive range of products across the entire steel value chain, encompassing raw materials such as iron ore and sponge iron, semi-finished products like billets, slabs, and blooms, as well as finished products like wire rods and rebars, available in various sizes and standards to cater to our customer’s unique requirements.
One of our core competencies lies in the supply of Direct Reduced Iron (DRI), also known as Sponge Iron. We excel in offering both DRI and Hot Briquetted Iron (HBI). DRI, produced from iron ore through a reduction process using reformed natural gas or coal-derived carbon, is particularly beneficial for use in electric arc furnaces (EAF), blast furnaces (BF), and basic oxygen furnaces (BOF).