China to drive steel growth

摘要

The World Steel Association has revised its 2019 short-range outlook for steel demand higher on the back of resilient Chinese demand. Worldsteel has forecast global steel demand will grow by 3.9% to 1.775 billion mt, compared to an earlier forecast of 1.3% or 1.735 billion mt in April. Steel demand is expected to grow by another 1.7% in 2020 to 1.805 billion mt as emerging and developing economies, excluding China, increase contributions. Growth will be driven by China, forecast to see 7.8% growth to 900.1 million mt in 2019.