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World Steel Assoc predicts steel usage rise in 2010

Posted on 06 October 2010

From Commodityonline.com: World Steel Association has forecasted that the usage of apparent steel will increase by 13.1% in 2010 citing steady recovery in the global economies. According to WSA, steel usage will increase by 13.1% to 1272 million metric ton as compared to previous year. The forecast represents an improvement of 35 mmt over the April short range outlook for 2010 exceeding the pre-crisis peak of 1222 mmt in 2007.
Commenting, Daniel Novegil, Chairman of the world steel Economics Committee said, “Our first SRO forecast after the economic crisis in 2009 suggested 8.4% growth in steel demand in 2010. We have now revised this figure up to 13.1%”……………………………………….Full Article: Source

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