{"id":4821,"date":"2024-03-08T17:43:52","date_gmt":"2024-03-08T17:43:52","guid":{"rendered":"https:\/\/inhedge.mx\/?p=4821"},"modified":"2024-09-03T16:01:10","modified_gmt":"2024-09-03T16:01:10","slug":"steel-price-in-2023","status":"publish","type":"post","link":"https:\/\/inhedge.mx\/en\/steel-price-in-2023\/","title":{"rendered":"Steel price in 2023"},"content":{"rendered":"\n

Steel is a crucial material used in construction, manufacturing, and transportation worldwide. In 2023, its price experienced significant changes influenced by various factors.<\/p>\n\n\n\n

    \n
  1. Global demand and supply<\/strong><\/li>\n<\/ol>\n\n\n\n

    The global demand for steel remained strong due to economic recovery in many regions<\/a> post-pandemic. Countries like China, India, and the United States drove this demand, especially in construction and infrastructure.<\/p>\n\n\n\n

    According to the World Steel Association, global demand for crude steel rose by 5.7% in 2023, reaching 1,876 million metric tons.<\/p>\n\n\n\n

    On the supply side, global production faced challenges due to disruptions caused by extreme weather, logistics issues, and constraints in raw material supply.<\/p>\n\n\n\n

      \n
    1. Commodity prices<\/strong><\/li>\n<\/ol>\n\n\n\n

      The price of steel in 2023 was significantly influenced by the prices of Commodities like iron ore and metallurgical coal. Price volatility, driven by factors like limited supply and high demand, led to fluctuations in steel prices.<\/p>\n\n\n\n

      The average price of iron ore rose by 35% in 2023, peaking at $174 per metric ton in July, according to the Platts Index.<\/p>\n\n\n\n

        \n
      1. Trade policy tariffs<\/strong><\/li>\n<\/ol>\n\n\n\n

        Trade policy tariffs also played a role in determining prices. Trade tensions between countries, such as disputes between the United States and China, led to tariffs and quotas, impacting trade flows and prices.<\/p>\n\n\n\n

          \n
        1. Post pandemic effects<\/strong><\/li>\n<\/ol>\n\n\n\n

          Although the direct impact of the COVID-19 pandemic on the economy waned in 2023, its effects lingered in the industry. Uneven recovery and ongoing health concerns affected demand and supply up to this day.<\/p>\n\n\n\n

          2024 expectations<\/strong><\/h2>\n\n\n\n

          Looking ahead to 2024, the price is expected to remain volatile<\/a>, influenced by factors such as global demand, trade policies, and raw material prices. The shift towards sustainability and digitization in the steel industry could also impact prices and production methods. If you are interested in learning more about steel hedging to protect your company from the price volatility, contact<\/a> us.<\/p>\n","protected":false},"excerpt":{"rendered":"

          Analysis of supply, demand and influencing factors for steel prices in 2023. Financial hedging services for steel.<\/p>\n","protected":false},"author":1,"featured_media":4819,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[60],"tags":[63,67],"class_list":["post-4821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metals","tag-coberturas-financieras","tag-metales"],"yoast_head":"\nSteel price in 2023 - InHedge<\/title>\n<meta name=\"description\" content=\"Analysis of supply, demand and influencing factors for steel prices in 2023. Financial hedging services for steel.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/inhedge.mx\/en\/steel-price-in-2023\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/inhedge.mx\\\/steel-price-in-2023\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/inhedge.mx\\\/steel-price-in-2023\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/inhedge.mx\\\/#\\\/schema\\\/person\\\/25bf1bdc7f3d634a0bf7a751196f58c6\"},\"headline\":\"Steel price in 2023\",\"datePublished\":\"2024-03-08T17:43:52+00:00\",\"dateModified\":\"2024-09-03T16:01:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/inhedge.mx\\\/steel-price-in-2023\\\/\"},\"wordCount\":293,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/inhedge.mx\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/inhedge.mx\\\/steel-price-in-2023\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/inhedge.mx\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/Portada-Articulo-Acero.png\",\"keywords\":[\"coberturas financieras\",\"metales\"],\"articleSection\":[\"Metals\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/inhedge.mx\\\/steel-price-in-2023\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/inhedge.mx\\\/steel-price-in-2023\\\/\",\"url\":\"https:\\\/\\\/inhedge.mx\\\/steel-price-in-2023\\\/\",\"name\":\"Steel price in 2023 - InHedge\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/inhedge.mx\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/inhedge.mx\\\/steel-price-in-2023\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/inhedge.mx\\\/steel-price-in-2023\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/inhedge.mx\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/Portada-Articulo-Acero.png\",\"datePublished\":\"2024-03-08T17:43:52+00:00\",\"dateModified\":\"2024-09-03T16:01:10+00:00\",\"description\":\"Analysis of supply, demand and influencing factors for steel prices in 2023. Financial hedging services for steel.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/inhedge.mx\\\/steel-price-in-2023\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/inhedge.mx\\\/steel-price-in-2023\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/inhedge.mx\\\/steel-price-in-2023\\\/#primaryimage\",\"url\":\"https:\\\/\\\/inhedge.mx\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/Portada-Articulo-Acero.png\",\"contentUrl\":\"https:\\\/\\\/inhedge.mx\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/Portada-Articulo-Acero.png\",\"width\":2240,\"height\":1260,\"caption\":\"El precio del acero en 2023 - InHedge\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/inhedge.mx\\\/steel-price-in-2023\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Portada\",\"item\":\"https:\\\/\\\/inhedge.mx\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Steel price in 2023\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/inhedge.mx\\\/#website\",\"url\":\"https:\\\/\\\/inhedge.mx\\\/\",\"name\":\"InHedge\",\"description\":\"Coberturas Financieras para Commodities y FX\",\"publisher\":{\"@id\":\"https:\\\/\\\/inhedge.mx\\\/#organization\"},\"alternateName\":\"InHedge\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/inhedge.mx\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/inhedge.mx\\\/#organization\",\"name\":\"InHedge\",\"url\":\"https:\\\/\\\/inhedge.mx\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/inhedge.mx\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/inhedge.mx\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/logo-letras-blancas.png\",\"contentUrl\":\"https:\\\/\\\/inhedge.mx\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/logo-letras-blancas.png\",\"width\":1920,\"height\":1080,\"caption\":\"InHedge\"},\"image\":{\"@id\":\"https:\\\/\\\/inhedge.mx\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/inhedgeoficial\\\/\",\"https:\\\/\\\/x.com\\\/inhedgeoficial\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/inhedgemx\\\/\",\"https:\\\/\\\/www.instagram.com\\\/inhedgeoficial\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/inhedge.mx\\\/#\\\/schema\\\/person\\\/25bf1bdc7f3d634a0bf7a751196f58c6\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/5bab0da1fd2fbbdcfaad5ebfb2e05d213f8b432825f2b82e425971babb3ce930?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/5bab0da1fd2fbbdcfaad5ebfb2e05d213f8b432825f2b82e425971babb3ce930?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/5bab0da1fd2fbbdcfaad5ebfb2e05d213f8b432825f2b82e425971babb3ce930?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"https:\\\/\\\/inhedgemx.wpcomstaging.com\"],\"url\":\"https:\\\/\\\/inhedge.mx\\\/en\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Steel price in 2023 - InHedge","description":"Analysis of supply, demand and influencing factors for steel prices in 2023. Financial hedging services for steel.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/inhedge.mx\/en\/steel-price-in-2023\/","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/inhedge.mx\/steel-price-in-2023\/#article","isPartOf":{"@id":"https:\/\/inhedge.mx\/steel-price-in-2023\/"},"author":{"name":"admin","@id":"https:\/\/inhedge.mx\/#\/schema\/person\/25bf1bdc7f3d634a0bf7a751196f58c6"},"headline":"Steel price in 2023","datePublished":"2024-03-08T17:43:52+00:00","dateModified":"2024-09-03T16:01:10+00:00","mainEntityOfPage":{"@id":"https:\/\/inhedge.mx\/steel-price-in-2023\/"},"wordCount":293,"commentCount":0,"publisher":{"@id":"https:\/\/inhedge.mx\/#organization"},"image":{"@id":"https:\/\/inhedge.mx\/steel-price-in-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/inhedge.mx\/wp-content\/uploads\/2024\/03\/Portada-Articulo-Acero.png","keywords":["coberturas financieras","metales"],"articleSection":["Metals"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/inhedge.mx\/steel-price-in-2023\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/inhedge.mx\/steel-price-in-2023\/","url":"https:\/\/inhedge.mx\/steel-price-in-2023\/","name":"Steel price in 2023 - InHedge","isPartOf":{"@id":"https:\/\/inhedge.mx\/#website"},"primaryImageOfPage":{"@id":"https:\/\/inhedge.mx\/steel-price-in-2023\/#primaryimage"},"image":{"@id":"https:\/\/inhedge.mx\/steel-price-in-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/inhedge.mx\/wp-content\/uploads\/2024\/03\/Portada-Articulo-Acero.png","datePublished":"2024-03-08T17:43:52+00:00","dateModified":"2024-09-03T16:01:10+00:00","description":"Analysis of supply, demand and influencing factors for steel prices in 2023. Financial hedging services for steel.","breadcrumb":{"@id":"https:\/\/inhedge.mx\/steel-price-in-2023\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/inhedge.mx\/steel-price-in-2023\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/inhedge.mx\/steel-price-in-2023\/#primaryimage","url":"https:\/\/inhedge.mx\/wp-content\/uploads\/2024\/03\/Portada-Articulo-Acero.png","contentUrl":"https:\/\/inhedge.mx\/wp-content\/uploads\/2024\/03\/Portada-Articulo-Acero.png","width":2240,"height":1260,"caption":"El precio del acero en 2023 - InHedge"},{"@type":"BreadcrumbList","@id":"https:\/\/inhedge.mx\/steel-price-in-2023\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Portada","item":"https:\/\/inhedge.mx\/en\/"},{"@type":"ListItem","position":2,"name":"Steel price in 2023"}]},{"@type":"WebSite","@id":"https:\/\/inhedge.mx\/#website","url":"https:\/\/inhedge.mx\/","name":"InHedge","description":"Coberturas Financieras para Commodities y FX","publisher":{"@id":"https:\/\/inhedge.mx\/#organization"},"alternateName":"InHedge","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/inhedge.mx\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/inhedge.mx\/#organization","name":"InHedge","url":"https:\/\/inhedge.mx\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/inhedge.mx\/#\/schema\/logo\/image\/","url":"https:\/\/inhedge.mx\/wp-content\/uploads\/2024\/01\/logo-letras-blancas.png","contentUrl":"https:\/\/inhedge.mx\/wp-content\/uploads\/2024\/01\/logo-letras-blancas.png","width":1920,"height":1080,"caption":"InHedge"},"image":{"@id":"https:\/\/inhedge.mx\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/inhedgeoficial\/","https:\/\/x.com\/inhedgeoficial","https:\/\/www.linkedin.com\/company\/inhedgemx\/","https:\/\/www.instagram.com\/inhedgeoficial\/"]},{"@type":"Person","@id":"https:\/\/inhedge.mx\/#\/schema\/person\/25bf1bdc7f3d634a0bf7a751196f58c6","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/5bab0da1fd2fbbdcfaad5ebfb2e05d213f8b432825f2b82e425971babb3ce930?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/5bab0da1fd2fbbdcfaad5ebfb2e05d213f8b432825f2b82e425971babb3ce930?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/5bab0da1fd2fbbdcfaad5ebfb2e05d213f8b432825f2b82e425971babb3ce930?s=96&d=mm&r=g","caption":"admin"},"sameAs":["https:\/\/inhedgemx.wpcomstaging.com"],"url":"https:\/\/inhedge.mx\/en\/author\/admin\/"}]}},"jetpack_featured_media_url":"https:\/\/inhedge.mx\/wp-content\/uploads\/2024\/03\/Portada-Articulo-Acero.png","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pfmCG4-1fL","_links":{"self":[{"href":"https:\/\/inhedge.mx\/en\/wp-json\/wp\/v2\/posts\/4821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inhedge.mx\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/inhedge.mx\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/inhedge.mx\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/inhedge.mx\/en\/wp-json\/wp\/v2\/comments?post=4821"}],"version-history":[{"count":5,"href":"https:\/\/inhedge.mx\/en\/wp-json\/wp\/v2\/posts\/4821\/revisions"}],"predecessor-version":[{"id":5576,"href":"https:\/\/inhedge.mx\/en\/wp-json\/wp\/v2\/posts\/4821\/revisions\/5576"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inhedge.mx\/en\/wp-json\/wp\/v2\/media\/4819"}],"wp:attachment":[{"href":"https:\/\/inhedge.mx\/en\/wp-json\/wp\/v2\/media?parent=4821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/inhedge.mx\/en\/wp-json\/wp\/v2\/categories?post=4821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/inhedge.mx\/en\/wp-json\/wp\/v2\/tags?post=4821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}