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.