Introduction
Steel is one of the sectors that has been significantly affected by the COVID-19 pandemic. According to the World Steel Association, global finished steel demand is expected to decline by 6.4% in 2020 and won't be able to recover lost ground in 2021.
(Source: World Steel Association)
However, steel prices are currently near pre-COVID-19 levels as strong demand from China's infrastructure and property sector is driving demand. Still, analysts think Chinese steel demand could start to taper off soon, which would put pressure on prices. Looking at alloys and ores, things are already