Demand for steel in the emerging economies grew by 2.1% in 2018
Demand for steel is expected to remain positive into 2019, growing at 1.4% globally
Demand for steel in the Middle East region recorded an increase of 2.1% in 2018
Dubai, UAE, October 22, 2018: Tokyo, Japan, The World Steel Association (worldsteel), headed by HE. Saeed Ghumran Al Remeithi, Emirates Steel CEO and the Chairman of the worldsteel Economic Committee, released its Short Range Outlook (SRO), during its bi-annual meeting Tokyo, Japan.
According to the report, worldsteel projects global steel demand will reach 1,657.9 Mt in 2018, an increase of 2.1% over 2017. In 2019, it is forecasted that global steel demand will grow by 1.4% to reach 1,681.2 Mt.
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