Worldsteel Forecasts A 1.7% y/y Recovery In Steel Demand In 2024

The World Steel Association expects steel demand to grow by 1.7% in 2024 compared to 2023, to 1.79 billion tons. This is stated in the association’s short-term forecast.

In 2025, the demand for steel will grow by 1.2% compared to 2024 – up to 1.81 billion tons.

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