World Steel - Short Range Outlook - October 2010

The World Steel Association (worldsteel) today released its October 2010 short range outlook (SRO) for 2010 and 2011. worldsteel forecasts that apparent steel use will increase by 13.1% to 1,272 mmt in 2010 after contracting by - 6.6% in 2009. This represents an improvement of 35 mmt over the April SRO for 2010 exceeding the pre-crisis peak of 1,222 mmt in 2007.

In 2011, it is forecast that world steel demand will grow by 5.3% to reach a record 1,340 mmt.

Source: worldsteel
Website: http://www.worldsteel.org/

For full text, see attachment.