World Steel - Short Range Outlook - October 2011

The World Steel Association (worldsteel) today published its October 2011 short range outlook for 2011 and 2012. The Association forecasts that apparent steel demand will increase by 6.5% to 1,398 mmt in 2011 after growth of 15.1% in 2010.

In 2012, it is forecast that world steel demand will grow by approx. 5.4% to reach ~1474 mmt of finished steel consumption.