Us Steel Price Forecast 2024 India. “we have revised downwards our 2024 global average steel price forecast to $740/tonne from $780/tonne previously, expecting prices to improve slightly from current. India’s crude steel production is projected to grow by 32.9%, reaching over 186 million metric tons (mmt) annually by 2030, according to a report by s&p global.

Order now for immediate access. Our forecast for average world hot rolled coil (hrc) and rebar prices in 2024 and 2025 is as shown in the chart below.