The World Steel Association publishes short-term steel demand forecasts for 2019 and 2020. It is predicted that in 2019, China's steel demand will increase by 7.8% to 901 million tons, and the rest of the world's steel demand is expected to increase by 0.2% to 874.9 million tons.
In 2020, China's steel demand is expected to grow by 1.0%, and the rest of the world's steel demand is expected to grow by 2.5%, driven by 4.1% growth in steel demand in emerging and developing economies (excluding China).
The global steel demand will increase by 3.9% in 2019 to 1775 million tons, and 1.7% in 2020 to 1805.7 million tons.
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