Is now the right time to invest in steel?

Moderate growth in steel demand expected in 2018

According to the World Steel Association global steel demand will reach 1,648.1 Mt. in 2018. Worldsteel forecasts that global steel demand excluding China will reach 882.4 Mt, an increase of 3.0% in 2018.

In October 2017 Mr T.V. Narendran, Chairman of the worldsteel Economics Committee commented, “progress in the global steel market this year to date has been encouraging. We have seen the cyclical upturn broadening and firming throughout the year, leading to better than expected performances for both developed and developing economies, although the MENA region and Turkey have been an exception.

Steel demand 2017-2018

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My advice for beginning investors

This article is going to be about how I started investing and will warn you about my mistakes. I will also share my advice on how to get started.

Investing definition

The definition of investing is to “put (money) into financial schemes, shares, property, or a commercial venture with the expectation of achieving a profit.”

So it’s all about how you put your hard earned money to work, to acquire more money in the future. Starting with investing is really easy nowadays. You can open up an account within minutes, and the transaction fees are lower then ever!

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