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.
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