7 key reasons for BHP's cooling steel outlook

Amid inflation and a global economic slowdown, BHP's outlook for the steel industry in China, the world's largest steel producer, has become less optimistic, especially after a lackluster performance in fiscal year 2023, which saw a combination of pronounced weakness in housing starts, strength in infrastructure and mixed outcomes for the machinery sector, among others.



Jessica Zong

Zihuan Pan

Nabilah Awang

February 26, 2024

06:45 GMT

Singapore, Shanghai