[email protected]

24/7 Customer Support

+86-13761906384

24/7 Customer Support

World Steel Association: In 2023, steel demand will recover by 1.0% to 1.8147 billion tons

Brussels, Belgium, October 19, 2022, world steel released the latest short-term (2022-2023) steel demand forecast report.

The report shows that global steel demand will fall by 2.3% to 1,796.7 million tonnes in 2022, following a 2.8% increase in 2021.

In 2023, steel demand will recover by 1.0% to 1.8147 billion tons.

The current forecast is a downward revision to forecasts made in April, reflecting the impact of persistently high global inflation and interest rates.

Affected by high inflation, monetary tightening and the slowdown of China’s economic growth, economic operation in 2022 will be difficult.

Nonetheless, infrastructure demand is expected to slightly boost steel demand in 2023.

Contact us for the steel price.

Share:

Facebook
Twitter
Pinterest
LinkedIn

Contact Us For Metal Prices

Table of Contents

On Key

Related Posts

Carbon Steel Rust, Carbon Steel Bar Rust, SPCC Rust

Why Does SPCC Rust?

Why does SPCC rust? SPCC is a common low-carbon steel sheet. After cold rolling, it has good mechanical properties and processing properties. It is mainly

What is 45 Steel

What is 45 Steel?

What is 45 steel? No. 45 steel is a common carbon steel, where “45” indicates that its average carbon content is 0.45%. This kind of

Welcome