SLOW RECOVERY FORECAST FOR
NORTH AMERICAN STEEL OUTPUT - MEPS
The economy of the United States and Canada recovered slightly in
This translated into stronger demand for steel, despite volatile
pricing over the year. The main growth market was the automotive
sector. In contrast, consumption slipped in Mexico. MEPS predicts
only modest improvement in apparent steel consumption across the
region in the years ahead. There are a number of economic
difficulties to overcome. We do not expect steel usage in 2016 to
attain the pre-crisis level recorded in 2007.
Steelmaking in the NAFTA region is expected to reach approximately
122 million tonnes in 2012. Only modest gains are likely in the
following four years due to sluggish economic conditions and strong
price competition from emerging countries. The North American share
of global output is likely to fall from 16 percent at the start of
the millennium to just 7 percent at the end of the forecast period.
Global Iron & Steel Making to 2016
- A new report from MEPS.
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THE GLOBAL IRON & STEEL MAKING TO 2016 CLICK HERE
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