Posts tagged as:

forecast

World apparent steel use revised upward in wsa’s Short Range Outlook

October 26, 2011

worldsteel‘s forecast for growth in world apparent steel use in 2011 was revised upward from 5.9% in April’s Short Range Outlook to 6.5% in October’s Short Range Outlook published recently. worldsteel expects world apparent steel use to reach 1,398 million metric tonnes in 2011 (instead of April’s forecast of 1,359 m tonnes) and 1,473 m […]

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New world steel demand forecast for 2011

October 6, 2010

We haven’t had time to study the data yet, but worldsteel published an updated Short Term Apparent Steel Use forecast a couple of days ago. At first glance it looks like demand this year is going to be higher than initially forecast in April 2010, while 2011 is set to grow at the same rate […]

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Forecast 2010 record steel consumption leaves developed world behind

April 21, 2010

Along with its global monthly steel production figures, worldsteel also published yesterday its collective wisdom about forecast Apparent Steel Use (ASU) by country through 2011. This is the ‘Short Range Outlook.’ The current forecast (data in the Nerds spreadsheet below) shows about an 11% rise in demand in 2010 to 1.24Bn metric tonnes with a […]

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US flat products imports climb 6% in February

March 10, 2010

Based on reported import licenses, US flat products imports increased 6% from 432,000 short tons in January to 456,000 tons in February. This can be compared to 548,000 tons of flat products imports in February 2009. Hot rolled imports showed the highest import volume gain by rising 20,000 tons in February while cut plate had […]

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2010 GDP growth and steel demand forecast

February 12, 2010

The IMF recently released an updated forecast of global GDP growth for 2010.  As many of you know, I’m fond of using the historical relationship between GDP and steel demand to forecast steel demand growth.  In fact, last year about this time I provided a forecast of 2009 global steel demand using the latest available […]

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World Steel Production for March, 2009 & Short Term Demand Forecast

April 27, 2009

The World Steel Association recently published two important sets of data. The first, published about a week ago are the latest figures for crude steel production by country through March of 2009. You can see and use that data in the Nerds spreadsheet below. In aggregate it shows an 8.3% improvement in global output March […]

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