Any forecasts in these times, what with COVID earlier and now a war in Europe, seem futile as the outcomes are so difficult to predict with accuracy. That’s the caveat investors should bear in mind as they absorb changes in forecasts. Multi-lateral institutions have lowered their global GDP forecasts, and it’s no surprise that growth in global steel demand in 2022 too has been being downgraded. Global steel demand is expected to be hit in 2022 by uncertainty caused by...
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