Global steel demand will increase by 1.3% to 1.53-billion tonnes this year, and by a further 0.9% to 1.55-billion tonnes in 2018, following growth of 1% in 2016, the World Steel Association (worldsteel) said in its latest short-range outlook (SRO), published on Friday. Worldsteel economics committee chairperson TV Narendran noted that steel demand recovery had been stronger than expected in 2016, with the upside mostly coming from China.
Source: www.engineeringnews.co.za
Steel demand to grow in 2017/18 as recession risk decreases
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