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Apparent steel use will increase by 5.9% to 1 359 mmt in 2011

The World Steel Association (worldsteel) released its April 2011 short range outlook (SRO) for 2011 and 2012. worldsteel forecasts that apparent steel use will increase by 5.9% to 1 359 mmt in 2011, following 13.2% growth in 2010. In 2012, it is forecast that world steel demand will grow further by 6.0% to reach a new record of 1 441 mmt. This forecast suggests that by 2012, steel use in the developed world will still be at 14% below the 2007 level whereas in the emerging and developing economies, it will be 38% above. In 2012, the emerging and developing economies will account for 72% of world steel demand in contrast to 61% in 2007.


Source: Stahleisen GmbH

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