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Steel demand performing better than anticipated

Steel demand performing better than anticipated (July 18, 2017)

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Last week a number of indicators from major steel consuming areas suggested that year -to-date demand is beating expectations, which were already relatively positive earlier this year. This is continuing to support steel prices internationally despite the summer slowdown.

Eurofer, the European steelmakers association, increased its outlook for both apparent and real demand in its latest report published last week. The association expects real steel demand in Europe to recover 2.4% year-on-year in 2017. This is up 0.4 percentage points compared to the previous outlook published in April. Apparent demand is now set to grow 1.9% in 2017, up 0.6% from the previous outlook. 

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