Steel Demand Forecast 2025 By Country

Steel Demand Forecast 2025 By Country. Steel Price Forecast Is Steel a Good Investment? Steel demand in other emerging economies of the world, such as the MENA and ASEAN. In addition, steel demand in the developing world, excluding China, is projected to rise by 3.5% in 2024 and 4.2% in 2025, reflecting recoveries in regions such as the Middle East, North.

Estimated demand for steel worldwide by region 2016 Forecast
Estimated demand for steel worldwide by region 2016 Forecast from www.statista.com

India's demand is forecast to grow by 8.0% over 2024 and 2025, driven by infrastructure investments and expansion across multiple steel-consuming sectors In 2025, we forecast apparent consumption to increase by the low single digits, supported by India, steady demand from China and an upturn in the US and EU.

Estimated demand for steel worldwide by region 2016 Forecast

This expansion is supported by growth across all steel consuming sectors, especially with continued strong growth in infrastructure investment Steel consumption in China is projected to reach 863 million tons in 2024 and 850 million tons in 2025 We maintain our robust growth projections for India and forecast an 8.0% increase in steel demand in 2024 and 2025

Steel Demand Forecast Regional and Country Level Analysis Projects. We maintain our robust growth projections for India and forecast an 8.0% increase in steel demand in 2024 and 2025 The World Steel Association (worldsteel) consider that global steel demand in 2025 will grow by 1.2% over 2024 levels (from ~1751 million tonnes finished products in 2024, to ~1772 million tonnes)..

Outlook for global steel demand in 2023 & 2024 MRS STEEL. The World Steel Association (worldsteel) has today released its Short Range Outlook (SRO) steel demand forecast for 2024 and 2025. Steel demand in other emerging economies of the world, such as the MENA and ASEAN.