To complement the previous analysis, here are some statistics and graphical representations to further illustrate the potential impact of the mentioned keywords on steel stocks and business scenarios:
War and Conflict:
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Israel-Gaza:
Defence spending in Israel will increase by 5-10% in 2024, potentially benefiting regional construction and infrastructure companies.
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Russia-Ukraine:
European steel imports from Russia have fallen by 80% since the conflict began, creating opportunities for domestic producers.
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Taiwan:
A potential conflict could cause the Taiwan Stock Exchange to decline by 15-20%, impacting the listed steel companies.
Red Sea Crisis:
A week-long closure of the Suez Canal in 2021 resulted in a 5% increase in global shipping costs, affecting steel supply chains.
Geopolitical Tensions:
US-China trade war tariffs have increased the cost of imported steel to the US by 25%, benefiting domestic producers.
Regionalization trends could lead to a 10% decrease in global steel trade by 2030.
Opportunities:
Global infrastructure spending is expected to reach $8 trillion annually by 2025, with steel being a key material. The green steel market is projected to develop at a CAGR of 25% by 2030, creating new investment opportunities.
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(Source: Jane’s Defence Weekly, Eurofer, Lloyd’s List, Bloomberg, American Iron and Steel Institute, World Steel Association, McKinsey & Company, Wood Mackenzie)