World Steel Association Releases its Short Range Outlook

The Brussels-based organization forecasts that global steel demand will decrease by 1.7 percent, to 1,513 million metric tons in 2015, following growth of 0.7 percent in 2014. Chinas steel demand is expected to decrease by 3.5 percent in 2015 and by 2 percent in 2016, following its demand peak in 2013, the organization says. Worldsteel forecasts that steel demand in the emerging and developing economies excluding China will, despite the major slowdown in some countries, grow by 1.7 percent in 2015 and 3.8 percent in 2016. In 2015, steel demand in developed economies is expected to contract by 2.1 percent, but positive growth of 1.8 percent is expected in 2016, worldsteel says. The organization expects world steel demand excluding China to grow by 2.9 percent in 2016. Read entire article: http://www.recyclingtoday.com/Article/worldsteel-demand-forecast-report-101415.aspx

About World Steel Association

The World Steel Association (worldsteel) is one of the largest and most dynamic industry associations in the world. worldsteel represents approximately 170 steel producers (including 9 of the world’s 10 largest steel companies), national and regional steel industry associations, and steel research institutes. worldsteel members represent around 85% of world steel production. Learn more at: http://www.worldsteel.org/