Economy
October 6, 2014
Worldsteel Revises Apparent Steel Usage Forecast
Written by Sandy Williams
The World Steel Association has downgraded it Short Range Outlook for apparent steel usage for 2014 and 2015 to 2 percent each year-over-year from it’s previous April forecast of 3.1 percent in 2014 and 3.3 percent in 2015. The slowing markets in China, South American and CIS were cited as reasons for the changed in forecasts. The worldsteel report is reprinted below. For regional reports and charts go to the World Steel Association website.
The World Steel Association (worldsteel) today released its Short Range Outlook (SRO) for 2014 and 2015. Worldsteel forecasts that global apparent steel use will increase by 2.0% to 1,562 Mt in 2014 following growth of 3.8% in 2013. In 2015, it is forecast that world steel demand will grow by another 2.0% and will reach 1,594 Mt.
