Steel industry down but not out as recovery forecast for 2010 & new record consumption in 2012: MEPS

摘要

According to a new report from MEPS (International) Ltd entitled, Global Iron and Steel Production to 2013, world crude steel production in 2009 is forecast to be approximately 1200 million tonnes. This represents a reduction of almost 10 percent on the year earlier figure. All economic forecasters indicate an upturn in 2010. MEPS predicts a 5 percent improvement in steel output in that year. Further growth in steelmaking is forecast for the following three years as the global economy improves.