World Steel Association April Short Range Outlook

Steel

Global steel demand is expected to expand by 1.3% in 2017 with growth driven by the continuing economic recovery in developed economies and an acceleration of growth in emerging and developing markets, according to the World Steel Association’s latest Short Range Outlook. However, global demand growth is forecast to slow to 0.9% in 2018 on the back of an expected contraction, of -2.0% in China. However, demand in the world excluding China is still expected to expand by 3.1% in 2018.