Global Steel Demand Forecast to Grow More Than Expected

Global steel demand will grow more than previously forecast in 2017 due to a recovery in developed economies and accelerating growth in emerging and developing markets, especially Russia, Brazil and India, an industry body said on Friday.

Demand is on course to expand 1.3 percent in 2017 to 1.535 billion tonnes and a further 0.9 percent in 2018 to 1.549 billion tonnes, World Steel Association (Worldsteel) said.

Worldsteel, representing more than 160 steel producers accounting for 85 percent...

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