GLOBAL STEEL PRODUCTION
TO RISE BY 4.7 PERCENT IN 2013 - MEPS
MEPS predicts world crude steel output in 2013 at 1620 million
tonnes. This equates to a 4.7 percent increase on the estimated
outturn of 1548 million tonnes in 2012. The gain in that year was
just 1.4 percent.
Blast furnace ironmaking is expected to expand at a rate similar to
that of steel in 2013 and reach 1160 million tonnes. Direct reduced
iron manufacturing should show better growth as the popularity of
this process is increasing in the Middle East and India.
Prospects for the global economy remain uncertain. The eurozone is
likely to remain in or close to recession in the medium term. The
negative effects of the US “fiscal cliff” have still not permanently
been resolved. Furthermore, a marked slowdown has been witnessed in
many of the emerging nations. Consequently, only a moderate recovery
is envisaged for GDP and steel consumption in 2013. More robust
growth is projected to commence in 2014.
MEPS World Steel
Outlook Quarter 4-2012 - Now available
Also See: MEPS
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