Economy
October 16, 2017
Worldsteel: Short-Range Outlook ‘Encouraging’
Written by Tim Triplett
Global steel demand growth is expected to moderate in 2018, mainly due to slowing in China, but should maintain its momentum in the rest of the world, according to a generally optimistic short-range outlook from the World Steel Association (worldsteel).
The Brussels-based trade association, whose members account for 85 percent of the world’s steel production, forecasts global steel demand to top 1.622 billion metric tons this year, growing to 1.648 billion tons in 2018.
