The World Steel Association has predicted that Global steel demand is to increase by 6% yoy.

Investment worldwide in delayed infrastructure projects will be a boon to Ukraine, which produces 20 million tons of steel a year, placing it 13th place worldwide in production output. China, which consumes slightly more than one half of the world’s steel, is expected to increase demand by 3%. Other demand will come from : the EU and United Kingdom + 10%, to 155 million tons; India +20%, to 106 million tons; US + 8%, to 86.5 million tons; Japan +6.5%, to 56 million tons; Germany + 9.3% to 34 million tons; and Turkey by 19% to 35 million tons.