The World Steel Association (worldsteel) today released its Short Range Outlook (SRO) for 2020 and 2021. In 2020 worldsteel forecasts that steel demand will contract by 6.4, dropping to 1,654 Mt due to the COVID-19 crisis. In 2021 steel demand is expected to recover to 1,717 Mt, an increase of 3.8 over 2020.
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