Steel Price Forecast 2024 Australia. This downward trend is set to impact the overall forecast for 2024, against expectations earlier in the year of a possible improvement in the demand outlook. Iron ore decreased 34.35 usd/mt or 25.19% since the beginning of 2024, according to trading on a contract for difference (cfd) that tracks the benchmark market for this commodity.

Steel production in australia increased to 473.11 thousand tonnes in december from 449.78 thousand tonnes in november of 2020. This page has steel production values for australia.