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steel demand

Worldsteel steel demand growth forecast revised downward to -2.3% in 2022 and 1.0% in 2023

October 20, 2022

In its latest Short Range Outlook (SRO), published yesterday, Worldsteel expects world steel demand to be 1,797 million metric tonnes in 2022 and 1,815 million tonnes in 2023. The new forecast expects a 2.3% steel demand decline in 2022 and a 1.0% increase in 2023, lowering its expectations compared to their April, 2022 forecast by […]

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Worldsteel forecasts 4.5% rise in world steel demand in 2021 and further 2.2% increase in 2022 to 1.9Bt

October 14, 2021

In its latest Short Range Outlook (SRO), published today, Worldsteel forecasts world steel demand to grow by 4.5% in 2021 to 1.855 billion metric tonnes. Worldsteel expects steel demand in China to decline by 1% in 2021, a 4.0% revision downward since April’s SRO, while it expects demand outside China to grow by 11.5%, a […]

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Worldsteel steel demand forecast +5.8% in 2021, up 1.7% on October 2020 prediction

April 16, 2021

In its latest Short Range Outlook (SRO), published yesterday, Worldsteel expects steel demand in 2021 to reach 1,874 million metric tonnes. The new forecast increases estimated demand growth between 2020 and 2021 from +4.1% in its October 2020 SRO to +5.8% in the newly released figures. China accounted for 56% of world steel demand in […]

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First River Steel Data Room Dataset of the Week: US construction spending 2010-2020, US$M

February 25, 2021

According to Worldsteel, construction accounts for about 50% of steel demand worldwide. While this figure differs by region, those of us who follow steel demand are keenly interested in the performance of the construction sector. Construction is the focus of this week’s Steel Data Room dataset of the week, “US Census Bureau Construction Spending”. In […]

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Worldsteel steel demand forecast -2.4% in 2020, up 4.0% on June 2020 prediction

October 16, 2020

In its latest Short Range Outlook (SRO), published yesterday, Worldsteel revised its steel demand growth forecast for 2020 upwards. The revision raised estimated demand growth between 2019 and 2020 from -6.4% in its June 2020 SRO to -2.4% in yesterday figures. Steel demand is expected to increase by 4.1% between 2020 and 2021. China accounted […]

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Worldsteel steel demand forecast -6.4% in 2020, down 8.1% on October 2019 prediction

June 8, 2020

In its latest Short Range Outlook (SRO), published June 4th, Worldsteel revised its steel demand growth forecast for 2020 downward due to the Covid-19 crisis. The revision lowered estimated demand growth between 2019 and 2020 from 1.7% in its October 2019 SRO to -6.4% in the June 4th figures. China accounted for 51% of world […]

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