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Worldsteel sees global demand contracting this year

World steel demand is tipped to contract by 2.3% this year to 1,796.7 million t

Nathan Richardson
iStock-502120934-steel-mill-Image-zhaojiankang.jpg

iStock-502120934-steel-mill-Image-zhaojiankang.jpg

The contraction would see steel demand fall to 1,796.7 million t before a forecast lift in 2023 by 1% to 1,814.7 million t. "The global economy is affected by persisting inflation, US monetary tightening,...

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