The World Steel Association pointed out that driven by the demand of emerging economies such as China and India, global steel demand increased by 13.1% in 2010 and 5.3% in 2011, but China's demand is expected to slow down during the rest of the year.
Comprehensive media reported on October 4, the World Steel Association (World Steel Association) said on the 4th that global steel consumption is expected to increase by 13.1% to 1.27 billion tons in 2010, and will increase by 5.3% in 2011, mainly by emerging industries such as China and India. The demand for the economy has increased.
In a statement, worldsteel said that the increase in steel consumption in 2010 is expected to be revised upwards from the previous forecast of 8.4%. In 2009, global steel consumption fell by 6.6%.
Paolo Rocca, president of worldsteel, expressed cautious views on the prospects for further recovery of steel demand in 2011 at a briefing, as demand from developed countries remained significantly lower than before the global economic downturn in 2008. At the same time, China's market prospects are difficult to predict.
The association expects China's steel demand in 2010 to grow by 6.7% to 579 million tons. China's steel consumption in 2009 increased significantly by 24.8%. However, as the government takes measures to cool the real estate market and continue to control steel production, it is expected that China's consumption growth in the world's largest steel market will slow down significantly in the rest of 2010.
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