Materials & Coatings
World Steel Demand Up, and Still Climbing
Thursday, December 01, 2011
The World Steel Association (worldsteel), out of Brussels, Belgium, has forecast an increase of 6.5 percent in global steel use in 2011 compared to 2010, and forecasts additional growth of 5.4 percent in 2012. In a press release, the worldsteel Economics Committee says: “Our current forecast for 2012 assumes that developing economies continue to drive global growth and the policy response to the European sovereign debt crisis prevents increased volatility in the equity and financial markets….Our forecast should be considered as cautiously optimistic.” Among the committee’s predictions: Steel use in 2012 will rise by 6 percent in China, 7.9 percent in India, 5.2 percent in the United States and 9.8 percent in Central and South America.www.worldsteel.org
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