Steel recovery strengthens, but geopolitical uncertainty clouds outlook

The World Steel Association (Worldsteel) has released its Short Range Outlook for 2017 and 2018. It forecasts that global steel demand will increase by 1.3% to 1,535.2 Mt in 2017, following growth of 1.0% in 2016. In 2018, it is forecast that global steel demand will grow by 0.9% and will reach 1,548.5 Mt.

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