The Steel Price Monitor forecasts prices for an array of steel products and steelmaking raw materials taking into account the varying spreads and circumstances that can occur over the five phases of the steel cycle: Shake-out Times, Bad Times, Fair Times, Good Times and Boom Times.

Chinese demand growth in the decade ahead – the Great Imponderable 7

Chinese Housing – is the roof collapsing or merely leaking? 12

Developing World ex-China – slower growth the new trend? 16

Turkey – key steelmaking region under duress. 20

Steelmakers Metallics -- Steel Scrap Exposed to be Fools' Gold 22

Life after the "gold rush" 25

Relieving the scrap price pressure – just a matter of time… 29

Cost curve imbalances = scrap price correction 29

Ferrous Gold to Piles of Rust: The Evolution of the Chinese Steel Scrap Glut 33

Riding the “Over-the-Cycle” Rollercoaster 39

2014 view of prices over the cycle 40

Price spreads over the cycle 45

冶金工业信息标准研究院