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14 February 2019

World Steel Association has made projections for steel production in 2019

International steel Association World Steel Association shared his predictions. They are made for the current year and relate to the production of steel. So experts believe that global steel production would grow. At least it will be 1.4%. By 2018 the total production amounted to 1808,6 million tons. Mean overall in the world. It was by 4.6% higher than a year earlier. Currently we should expect a small slowdown. The reason for this stands the stagnation of consumption of steel products in China. However, Chinese steelmakers will be able to achieve the growth of demand. And he can add about 1−2%. The volume of global consumption may grow by about 2%.

The head of the Association considers to be the most dynamic steel market India. To repeat the feat of China, of course, she can’t. This is due to the fact that in industry and infrastructure is less than is invested. And it’s not even higher than the level of China in 90 years. However, it will save the increase in demand for rental. And it will increase for three main reasons. First of all, we are talking about the construction of the «industrial corridor». It will connect Mumbai and Delhi. The route will stretch over 1,500 km will be constructed the industrial enterprises and the necessary infrastructure. It is planned to allocate about 100 billion dollars.

The second reason lies in the revitalization of the construction industry. And it’s not only about housing, but about the infrastructure. Finally, the third factor is the development of the automotive industry. Of course, we should not disregard the intensification of other industrial sectors. In Western countries, the consumption will stagnate. This is due to unfavourable demographics. In addition, the economic growth rate fairly low.

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