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2022-08-10
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International Steel Association: the global steel demand will increase by 5.4% in 2012

International Steel Association: the global steel demand will increase by 5.4% in 2012

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Guide: edwinbasson, director general of the International Steel Association (WSA), predicts that the global steel demand will increase by 5.4% year-on-year to 1.5 billion tons in 2012. Among them, Europe will increase by 2.5% to 159 million tons; NAFTA increased by 4.9% to 121 million tons; CIS increased by 5.7% to 60million tons; Central North America and Africa

among them, Europe will increase by 2.5% to 159 million tons; NAFTA increased by 4.9% to 121 million tons; CIS increased by 5.7% to 60million tons; Central and North America and Africa will grow by 9.8% and 11% respectively, reaching 52.4 million tons and 23.8 million tons. The substantial growth in Africa is mainly due to the sharp decline in steel consumption in 2011 due to the impact of political turmoil

the Middle East, Asia and Oceania will increase by 7.9% and 5.4% respectively, reaching 15million tons and 963 million tons. India consumed about 68million tons of steel in 2011, becoming the third largest steel consumer after China and the United States. China's steel demand this year may be the lowest level in the past three years, with a year-on-year increase of 6% to 682 million tons, which means that China's steel demand has slowed down

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