19
Oct
14:12
Worldsteel forecasts demand contraction, bright Asian outlook
Worldsteel has revised down its 2022 demand forecast, now expecting global demand to decline 2.3% on-year to 1.78 billion tonnes, it says in its latest short-range outlook (SRO). This compares to its 0.4% growth forecast in April and follows 2.8% confirmed growth in 2021.
“The current forecast represents a downward revision over the earlier forecast, reflecting the repercussion of persistently high inflation and rising interest rates globally,” worldst…
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Anonymous
Very good overview of the weekly steel market.
Anonymous