The World Steel Association’s released the most recent versions of its short-term (2023-2024) demand for steel prediction study On 18th April.
According to the analysis. Global steel demand will increase by 2.3 percent to 1,822.3 million mt in 2023 and 1.7 percent to 1,854 million mt in 2024.
Manufacturing is projected to lead the recovery in steel demands. Although high interest rates will continue to put pressure on steel consumption.
Steel demand is predict to increase in most places next year. But in China, demand will fall.