Capacity utilization has reached a five-year high, and the global steel industry shows a good momentum of development

The world steel association forecast in April that global steel demand would reach 1.6161bn tonnes in 2018, up 1.8 per cent from 2017. Global steel demand is expected to grow 0.7 per cent to 1.6267bn tonnes by 2019.

According to recent statistics released by the world steel association, global crude steel production has been on the rise since the financial crisis in 2008. Since the downturn in 2015, the world steel industry has recovered in the past two years. Global steel prices have risen steadily, reaching a reasonable level, and capacity utilization has been steadily increased. Overall, the global steel industry has shown a good momentum of development.

 

The world steel association, marketing research committee chairman T.V.N arendran said: “in the next few years, thanks to the advanced economies investment recovery and continuously boost the confidence level, the global economy is expected to continue to maintain a good momentum. As a result, steel demand is expected to continue to grow in both developed and developing economies, with relatively limited exposure to risk factors. However, the potential negative effects of increased trade tensions and possible interest rate increases in the us and the eu could affect current growth momentum.

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Post time: Jul-09-2018
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