Steel demand set to grow in 2017

• Autores: Davide Ghilotti
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 588, 2016 (Ejemplar dedicado a: Noviembre)
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • Global steel demand is forecast to remain almost flat at +0.2% in 2016 following last year's 3% contraction, while 2017 consumption is expected to grow 0.5% to 1.51bn tonnes, according to the latest Short Range Outlook by the World Steel Association (worldsteel).

    "The steel industry environment remains challenging, with escalated uncertainties driven by geopolitical situations in various parts of the world," said T.V. Narendran, chairman of the worldsteel Economics Committee, citing Brexit and high debt levels in China as creating macroeconomic concerns that negatively affect investments.

    More positively, steel demand in developing economies excluding China is expected to accelerate to 4% growth in 2017, on the back of "resilient emerging Asian countries and stabilisation of commodity prices", Narendran added.