Forecast overview

About this commodity forecast

Each publication contains detailed individual analyst and average (mean) price forecasts for the next eight quarters, as well as the long-term outlook for the upcoming 10-year period. This is complemented with in-depth graphical and written analysis.

In addition, Energy, Metals & Agriculture Consensus Forecasts™ features a closer look at changes in the macroeconomic outlook in the world’s major economies, and a selection of currency forecasts taken from our Foreign Exchange Consensus Forecasts publication.

Energy, Metals & Agriculture Consensus Forecasts™

Additional coverage

Coverage and methodology

The publication has many practical uses including commodity investment analysis, risk management, corporate planning, and budgeting. The commodities covered have been selected for their global appeal and traded on prominent futures markets such as the London Metal Exchange (LME), New York Mercantile Exchange (NYMEX) and InterContinental Exchange (ICE).  
Forecast coverage

Forecast Coverage for Steel

Steel is classified as an alloy, made up mainly of iron and carbon. Steel is by far the most widely used material in construction and engineering industries and is common in modern appliances such as refrigerators and ovens. The forecasts featured in our publication are based on steel prices in the United States, China and Europe:
  • Hot Rolled Coil, US Domestic, fob.
  • Hot Rolled Coil, China (Domestic), fob.
  • Hot Rolled Coil, N. Europe (Domestic), fob, main ports in Germany, Netherlands and Belgium
 
Historical context

Steel Price History

The chart below illustrates the trend in HRC steel prices (MEPS) since January 2011, measured in US$/metric tonne (US measured in short tons where 1 metric tonne = 1.1023 short tons).    
Forecast data

Consensus Forecasts for Steel

The example below is an illustrative historical survey snapshot from September 2020, showing individual and consensus price forecasts for Steel HRC - US. The publication includes forecasts for China and Europe HRC Steel, plus 50 commodities. The accompanying Excel file includes individual panellist forecasts for all commodities featured in Energy, Metals & Agriculture Consensus Forecasts™. US HRC Steel Consensus Price Forecasts
Forecast publication coverage

Steel and Coverage of Other Commodities

A complete sample issue of the publication, which also includes Consensus Forecasts™ for Iron Ore, as well as non-ferrous and precious metals, can be downloaded in PDF format by clicking the link below. If you have any questions, please contact us at Consensus Economics.
Energy, metals & agriculture coverage

Explore other commodity forecasts

Compare this outlook with other commodities covered in the same monthly forecast publication. Related base, battery & ferrous metals forecasts are shown first.

Base, Battery & Ferrous Metals Alumina Base, Battery & Ferrous Metals Aluminium Base, Battery & Ferrous Metals Cobalt Base, Battery & Ferrous Metals Copper Base, Battery & Ferrous Metals Ilmenite Base, Battery & Ferrous Metals Iron Ore Base, Battery & Ferrous Metals Lead Base, Battery & Ferrous Metals Lithium
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Energy

Coal Crude Oil Gas Oil Natural Gas U.S. Gasoline Uranium

Precious Metals

Gold Palladium Platinum Silver

Base, Battery & Ferrous Metals

Alumina Aluminium Cobalt Copper Ilmenite Iron Ore Lead Lithium Manganese Molybdenum Nickel Rutile Steel Current Tin Zinc Zircon

Agriculture

Cocoa Corn Cotton Palm Oil Soybeans Sugar Wheat
View Energy, Metals & Agriculture Consensus Forecasts™ overview
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