Steel and steel-making raw materials Outlook to 2016

摘要

Assumed strong economic growth in developing Asian economies and continued economic recovery in most developed economies are expected to underpin demand for steel over the short to medium term. Growth in steel consumption in developing Asian economies will form the backbone of world steel demand growth, reflecting the development of infrastructure and rising incomes in these economies. In comparison, demand growth in developed economies will be moderate, as spending associated with various government stimulus packages is concluded and economic growth returns to rates more consistent with long-term averages. Over the next few years, a significant supply expansion from major iron ore and metallurgical coal producers is expected to place some downward pressure on prices. However, prices for both iron ore and metallurgical coal are forecast to remain well above historical averages.