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15 Apr
14:51

Developing economy demand to recover strongly: worldsteel

Developing economies, excluding China, suffered more from the Covid-19 pandemic in 2020, but steel demand is expected to show a relatively quick rebound in 2021 and 2022, worldsteel says in its April short-range outlook (SRO). Finished steel demand in developing economies will increase 10.2% on-year in 2021 to 478.2 million tonnes, following a 7.8% decline in 2020 to 433.8mt, the association says. “India, the Middle East and North Africa, and most Latin Amer…
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