Global Steel Industry and Future Outlook
8
Future Outlook - Steel
HEG HEG Limited
World Winning Quality
World Steel Association forecasts global steel demand to increase by
merely 0.2% to 1,501 Mt in 2016 vs (-) 3.0% in 2015. In 2017, demand
could grow by 0.5% to reach 1,510 Mt.
ā Steel Demand in emerging & developing economies (excluding China) to
expand by 2.0% in 2016 and 4.0% in 2017. In developed economies
demand to increase by 0.20% in 2016 and 1.10% in 2017
Demand in Brazil will start a moderate recovery in 2017. Minor rebound in
oil prices helped to stabilise decline in Russia, prevent further deterioration
of the Mexican, South American and GCC economies. Lower, unstable oil
prices & geopolitical instability undermine outlook for the MENA region.
ā Steel demand in China is projected to decline by -1.0% in 2016 and by
2.0% in 2017
-View entire presentation