The World Steel Association (worldsteel) has just published its 2018 edition of World Steel in figure format. The publication provides a comprehensive overview of the steel industrys activities, stretching from crude steel production to apparent steel use, from indications of global steel trade flows to iron ore production and trade.
Edwin Basson, Director General of worldsteel, has commented, I am hopeful that our positive outlook for steel demand will remain. The Short Range Outlook for the next 18 months suggests 2018 with have a growth of 1.8% followed by 0.7% in 2019. Steel demand is benefitting from the broad and favourable global economic momentum affecting both the developed and developing world at the same time. The worldsteel programmes in the automotive, construction, packaging and rail sectors all aim to maintain the role of steel as a versatile product without which modern society cannot remain sustainable.
To view all of the figures, please click here.
Image courtesy of The World Steel Association