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Demand accelerates 2017 growth, market prices fragile

Demand accelerates 2017 growth, market prices fragile (April 25, 2017)

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This year the world is set to accelerate its steel demand growth despite the fact China has probably reached its peak and will soon start showing signs of demand correction. Last week the World Steel Association (worldsteel) published its outlook indicating that global demand is set to grow 1.3% y-o-y this year, up from the 1% yo-y growth seen last year. The recovery will mainly be supported by positive numbers in the US, Russia, Turkey and India, while China, the largest consumer of steel globally, is expected to hold its demand stable this year after the 1.3% y-o-y recovery of 2016.

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