Steel Demand Forecast 2025 By Country. Steel Price Forecast Is Steel a Good Investment? The World Steel Association (worldsteel) has today released its Short Range Outlook (SRO) steel demand forecast for 2024 and 2025. We expect implied apparent steel consumption to decrease by 18 million tonnes (mt) in 2024, according to CRU, due to weaker demand in China, Japan, South Korea and the US
Steel Price Forecast Is Steel a Good Investment? from capital.com
Steel production is expected to fall by 4.4% year-on-year in 2024 This expansion is supported by growth across all steel consuming sectors, especially with continued strong growth in infrastructure investment
Steel Price Forecast Is Steel a Good Investment?
We maintain our robust growth projections for India and forecast an 8.0% increase in steel demand in 2024 and 2025 In 2025, we forecast apparent consumption to increase by the low single digits, supported by India, steady demand from China and an upturn in the US and EU. Expert analysis of global steel market forecasts for 2025-2026
World steel production decreased by 2.6 percent in November 2022. Projected demand for finished steel products worldwide in 2023, with forecasts for 2024 and 2025, by region (in million metric tons) [Graph], World Steel Association, October 4, 2024 Americas' steel building domestic production and consumption 2016, with 2025 forecast Americas' steel building consumption share by select country 2016 Steel consumption in the NAFTA region 2012-2017
Steel outlook 2024 Analyzing consumption trends across key global regions. There is an increasing likelihood of larger scale intervention and support from the Chinese government in the real economy, which will likely boost steel demand in China in 2025 We maintain our robust growth projections for India and forecast an 8.0% increase in steel demand in 2024 and 2025