World Steel Association 2025

World Steel Association 2025. World steel production, with projection to 2050 (Source G. Andersson,... Download Scientific However, there is a growing possibility of more substantial government intervention and support for the real economy, which could bolster Chinese steel demand in 2025, worldsteel said Growth is expected to reach 5.3pct to 71.3 mln tons in 2024, followed by a 3.8pct increase to 74.1 mln tons in 2025, compared to 0.6pct growth last year.

After three years of decline, we expect to see a broad-based recovery in the world excluding China in 2025. The World Steel Association (worldsteel) is one of the largest and most dynamic industry associations in the world, with members in every major steel-producing country.

Raw Materials Steel Production

Worldsteel forecasts that this year global steel demand will drop further by 0.9 percent to 1,751 The World Steel Association has revised down its 2024 demand outlook, saying it now expects the world to require 1.75 billion tons this year The latest short-range outlook by the World Steel Association forecasts a growth in steel demand in the MENA region for 2024, following a significant slowdown during 2022-2023

World Steel in Figures 2022 now available. The World Steel Association (worldsteel) today released an update of the Short Range Outlook (SRO) for 2024 and 2025 The association released an update of the Short Range Outlook (SRO) for 2024 and 2025

Steel industry economic impact. worldsteel anticipates China's real estate troubles are expected to continue into next year, calling for a 1 percent decline in 2025. Growth is expected to reach 5.3pct to 71.3 mln tons in 2024, followed by a 3.8pct increase to 74.1 mln tons in 2025, compared to 0.6pct growth last year.