World Steel Association Releases Global Steel Demand Outlook 2023-2024

Published: Apr 28, 2023 19:01

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The World Steel Association released a short-term steel demand forecast report in late April. According to the report, global steel demand will rebound by 2.3% in 2023, reaching 1.82 billion mt.

The World Steel Association released a short-term steel demand forecast report in late April. According to the report, global steel demand will rebound by 2.3% in 2023, reaching 1.82 billion mt. In 2024, global steel demand will increase by 1.7%, reaching 1.85 billion mt.

The manufacturing sector is expected to lead the recovery in steel demand, but high interest rates will still weigh on steel demand.

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