Q1 '23 Steel Market Overview

And implications for Met Coal

Steel Overview

Global steel output has decoupled from GDP growth due to the impacts of Covid, stimulus packages, and the war in Ukraine. As major economies move past the lockdown phase of combating Covid-19, and trade flows realign to a new normal despite the ongoing war in Ukraine, 2023 looks to see a return to some normalcy.

To analyze future steel dema…