EN CN
News
Home > News > Industry News

World Steel Association predicts global steel demand will reach 1.735 billion tons in 2019

2019-06-19 15:41:48
 
  
The World Steel Association released the results of the short-term steel demand forecast for the April 2019 edition. It is predicted that global steel demand will reach 1.735 billion tons in 2019, an increase of 1.3% year-on-year. In 2020, steel demand is expected to grow by 1.0% to 1.752 billion tons. The World Steel Association has described the Chinese market as follows: Under the dual influence of economic restructuring and trade tensions, China's investment growth has slowed down, manufacturing performance has been weak, and steel demand growth will continue to slow down. The moderate stimulus policy introduced by the Chinese government effectively eased the economic slowdown in 2018. In 2019, the Chinese government may increase its stimulus, and steel demand is expected to be boosted. In 2020, as the stimulus effect weakens, China's steel demand will decline slightly.
QR