The World Steel Association (worldsteel) today released its April 2012 Short Range Outlook (SRO) for 2012 and 2013. worldsteel forecasts that global apparent steel use will increase by 3.6% to 1,422 Mt in 2012, following growth of 5.6% in 2011. In 2013, it is forecast that world steel demand will grow further by 4.5% to around 1,486 Mt.
Commenting, Hans Juergen Kerkhoff, Chairman of the worldsteel Economics Committee said, “Despite the market weakening in the fourth quarter of 2011, world steel demand achieved solid growth of 5.6% in 2011 due to the recovery momentum seen in the first half of the year………………………………………..Full Article: Source