World Steel Association's Short Range Outlook

Steel

According to the latest Short Range Outlook from the World Steel Association, Chinese apparent steel use (ASU) is forecast to contract by -3.5% this year and again by -2.0% in 2016. This contraction in Chinese demand has contributed to a world ASU growth forecast of -1.7% this year to 1,513.4 Mt, with growth of 0.7% in 2016.