Global Construction Industry Databook 2023: Steel Prices are Likely to Decline on the Back of Weak Offtake in the Chinese Construction Market - ResearchAndMarkets.com
The global construction market is projected to remain impacted due to labor shortages and rising interest and material costs over the next few quarters.
- The global construction market is projected to remain impacted due to labor shortages and rising interest and material costs over the next few quarters.
- Excessive supply and weaker consumption from the Chinese market mean that global steel prices will remain under pressure from the short-term perspective.
- Institutional Construction Outlook: Provides construction outlook by value and volume across manufacturing plant buildings, metal & material processing buildings, chemical & pharmaceutical buildings.
- Infrastructure Construction Outlook: Provides growth dynamics and market analysis by three key sections such as marine and inland, utility system and transport infrastructure construction.