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Comprehensive foreign news report on April 20, the World Steel Association (the World Steel Association) in the short-term outlook report on the 20th, said that the global steel market in 2010 is expected to increase the apparent demand of 10.7% over 2009.
According to the report, the apparent global demand for steel, including end users and distributors, is expected to reach 1.241 billion tons in 2010, and will increase by 5.3% to 1.306 billion tons in 2011. The association’s outlook report released in October 2009 predicts that global steel demand in 2010 will increase by 9.2%, but China’s apparent demand will only increase by 5%.
According to the report, global crude steel production in March increased by 30.6% from the same period last year to 120 million tons.
It is expected that the global steel demand in 2010 will exceed the historically highest level set before the outbreak of the economic crisis in 2007, and the demand for steel in the United States, Europe and other industrialized countries will also increase, but it is expected to be lower than the level in 2007.
The increase in steel demand is mainly driven by the rapid economic growth of emerging economies such as Brazil, India and China. The steel output of the member of the World Steel Association accounts for 85% of the total steel output of the world.
World Steel Association expects global steel demand growth to increase by 10.7% this year
According to the report of the World Steel Association on the 20th, the apparent demand for steel in the global market in 2010 is expected to increase by 10.7% from 2009. It is expected that in 2011 it will increase by 5.3%.