WSA: China's demand for steel to increase by 7.8% in 2019

Global steel demand will grow 3.Asian Metal Copyright7% to 1.Asian Metal Copyright9% to 1.Asian Metal CopyrightGlobal steel demand will grow 3.Asian Metal Copyright775 billion tons in 2019 and further increase by 1.Asian Metal Copyright0% and that in the rest of the world would increase by 2.Asian Metal Copyright7% to 1.Asian Metal Copyright775 billion tons in 2019 and further increase by 1.Asian Metal Copyright8057 billion tons in 2020, according to short-term steel demand forecast for 2019 and 2020 released by World Steel Association (WSA).

Based on the forecast, in 2019, China's demand for steel would increase by 7.8% to 900.Asian Metal Copyright8% to 900.Asian Metal Copyright1 million tons and steel demand in the rest of the world would increase by 0.Asian Metal Copyright5% driven by the 4.Asian Metal Copyright2% to 874.Asian Metal Copyright8% to 900.Asian Metal Copyright9 million tons; in 2020, the demand for steel in China would increase by 1.Asian Metal Copyright2% to 874.Asian Metal Copyright0% and that in the rest of the world would increase by 2.Asian Metal Copyright1 million tons and steel demand in the rest of the world would increase by 0.Asian Metal Copyright5% driven by the 4.Asian Metal Copyright1 million tons and steel demand in the rest of the world would increase by 0.Asian Metal Copyright1% growth of steel demand in emerging and developing economies (excluding China).

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