Projected demand for steel products in industrial and emerging markets 2023-2025
Demand for steel products in emerging markets is forecast to amount to approximately
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Demand for steel in China and India
China accounts for nearly half of the world’s steel consumption and similarly provides much of the global steel output. In the upcoming years, China’s steel product consumption is expected to decrease slowly, by some
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The impact of coronavirus
Due to the COVID-19 crisis, the monthly crude steel demand had decreased in 2020, dipping especially in April of that year as national lockdowns were put in place, making manufacturing stagnant. 2021 saw a slow recovery, with figures dipping again in April of that year. The impact of the crisis has been mitigated by China's economic rebound.
