Global Steel Industry and Future Outlook

3 Global Steel Industry HEG HEG Limited World Winning Quality IMF downgraded Global growth to slow down to 3.1 percent in 2016 before recovering to 3.4 percent in 2017. World Steel Association (WSA), reported a declined of 0.5 % in world crude steel production to 1197 million tons for Jan - Sept'16. ❖ Almost all major steel producing regions registered a negative growth - EU(28) (-4.8%), North America (-1.4 %), South America (-11.4%), Asia (-0.6%), Middle East (-0.8%), Africa (-11.6%), CIS (-0.1%) etc. Chinese production registered a positive growth of 0.4% to 604 million tons in 9M of 2016. ❖ India's steel production increased by 5.9% to 71 million tons. Chinese steel export in first 9 months were up 2.4 percent year on year at 85.1 million tons, the highest ever for the period

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