Non-China steel demand not to recover to 2019 level until 2022: worldsteel

摘要

London—Steel demand recovery following the coronavirus pandemic is expected to occur at different rates in different regions but may be drawn-out outside China, according to the World Steel Association. China’s steel demand is expected to increase by 8% in 2020, aided by government infrastructure stimulus and a strong property market, but demand in the rest of the world is expected to decrease by 13.3%. “We don’t expect a return of steel demand to the levels of 2019 before 2022 in the rest of the world, excluding China," Edwin Basson, worldsteel general director, told reporters Oct. 15 during the launch of the association’s October Short Range Outlook. Developed economies are expected to register a decrease in steel demand by 14.4% this year from 2019 to 336 million mt and rise by 7.9% in 2021 to 363.5 million mt, according to worldsteel’s outlook. Steel demand in the developed economies in 2019 was 393.4 million mt.