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.
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