MS (Mild Steel) Angle Price Forecast Report 2024-2025 | Latest Prices, Outlook, Market Dynamics, Demand-Supply Analysis, Extensive Forecast, Detailed Insights, Historical and Forecast Data

MS (Mild Steel) Angle Price Forecast

MS (Mild Steel) angle market analysis suggests a tugged pricing outlook for the commodity going forward in the year 2024. In the short term, the MS angle prices are projected to continue following the downward trajectory. However, with strategic balancing acts from the key market players, the prices might rebound marginally in the second half of the year. Overall, both upward and downward movements are anticipated in MS angle prices in the current FY.

Market Dynamics

MS or Mild Steel angle prices remained driven by the movements in its raw materials, iron ore, and coking coal markets. In India, the state-owned iron ore miner, NMDC, reduced the prices of its lump ore and fines, effective from March 21, 2024. NMDC is India's largest iron ore producer and operates three fully mechanized mines. These downfalls are a direct reflection of the sluggishness in the global steel and construction markets. China's real estate industry is also witnessing a major crisis. The geopolitical tensions and concurrent inflation in the European and Middle Eastern regions are proving detrimental to the development of construction and real estate sectors. Therefore, the global demand for Mild Steel angle has been bearish in recent months. This global sluggishness in MS angle markets is also visible in the Indian markets, where the construction industry is still performing relatively better. However, the moderate domestic demands in the Indian market are not able to help the domestic MS angle prices. Oversupply amidst difficult offshore trading conditions remains a critical challenge.

Annual Outlook for MS (Mild Steel) Angle Industry

The annual outlook for MS angles suggests regional variations in price forecasts for the coming months of 2024. Globally, the first half of the year has been largely downward facing. Oversupply and depreciated demands are fundamentally driving the global MS angle markets in the first half. Therefore, the price outlook in the major producing and consuming markets remained downward, wavering for the most part of H1'24. However, attempts at economic revival, particularly in Asia are expected to provide some support to MS angle prices in the long run. Gauging the dull consumer interest, the producers have started rethinking production. As a result, global raw steel production saw an approximate 5% Y-O-Y decline in April '24.

Manufacturers are trying to restrict capacity utilization to balance the markets from the supply side. However, the demands are still largely unsupportive. India is undergoing its central elections currently. Therefore, the construction markets in the major rising economy are slightly muted currently. However, post-result infrastructure expenditures are expected to drive the demands up in the latter half of the year. Economic stimulus in the Chinese real estate sector is also likely to satiate the prices for the East Asian region. After the current sluggish phase, a steady rebound is forecasted in the MS angle markets in the coming months of 2024.

Gain a competitive edge with EMR's comprehensive price forecasting reports. Dive deep into the latest market dynamics and price outlook for your specific materials, ensuring you stay ahead of the curve with actionable insights and strategic foresight.

What Our Reports Include:

Historical Price Data and Analysis:

• In-depth review of prices (including feedstock) over the past 5 years.

• Visualizations and trend analysis to identify historical patterns and seasonality.

Supply and Demand Analysis:

• Detailed analysis of current supply and demand factors shaping the market, along with projections for how these dynamics are expected to evolve during the forecast period.

• Insights from our extensive supplier and trader network, government websites, industry bodies, and global trade data.

Latest Industry News:

• Up-to-date information on recent developments and geopolitical events.

• Analysis of how these events are likely to impact future prices.

Key Macroeconomic Indicators:

• Evaluation of economic indicators such as GDP growth, inflation rates, and PMI.

• Insights into how these indicators affect prices.

Price Outlook:

• Forecasted price trends for the next 2 years using statistical modelling and fundamental & technical analysis.

• Scenario analysis and potential price fluctuations.

Why Choose Our Reports?

Accurate Data: Our reports are based on reliable data sources including primary interviews, government websites, and industry bodies.

Comprehensive Insights: We offer a holistic view of the market, considering all factors related to demand, supply, macroeconomic environment, and input costs.

Timely Updates: Reports are updated monthly, with options for quarterly or semi-annual subscriptions.

Expert Support: Our team of analysts is available for consultations and customized requirements.

Key Benefits:

Informed Procurement Decisions: Gain insights on when to buy and how to negotiate better, mitigating the impact of price volatility.

Competitive Advantage: Leverage our robust and time-tested forecasting methodology to stay ahead in the market.

Actionable Insights: Make better market decisions with detailed forecasts and analysis.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.