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World Steel Association Short Range Outlook April 2021

Apr 16, 2021 - Targeted News Service

(TNSOps) -- The World Steel Association issued the following news release on April 15, 2021:

The World Steel Association (worldsteel) today released its Short Range Outlook (SRO) for 2021 and 2022. worldsteel forecasts that steel demand will grow by 5.8% in 2021 to reach 1,874.0 million tonnes (Mt), after declining by 0.2% in 2020. In 2022 steel demand will see further growth of 2.7% to reach 1,924.6 Mt.

The current forecast assumes that the ongoing second or third waves of infection...