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Steel Demand on the Rise

Steel Demand on the Rise

Wednesday, April 26, 2006
 
The International Iron and Steel Institute forecasts that the total use of finished steel products will continue to show strong growth around the world—it predicts world steel demand to grow 7.3 percent in 2006, to 1.1-billion tons, and another 5.8 percent, to 1.2-billion tons, in 2007. The largest factor in this growth is the influence of China, where double-digit growth is predicted at 13 percent for 2006 and 12.1 percent in 2007.

 

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