Released April 16, 2021 | SUGAR LAND
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Research by Industrial Info Resources (Sugar Land, Texas)--The World Steel Association recently released its short-range outlook for steel demand, forecasting global steel demand growth of 5.8% in 2021, followed by 2.7% in 2022. This comes on the heels of flat demand in 2020 due to the COVID-19 pandemic.
China's demand is driving steel consumption, while the rest of the world has contracted. But increasing pandemic vaccinations and market conditions are expected to increase demand in the rest of the world in the near term.
There are more than 5,700 active steel-manufacturing projects worldwide, totaling $340 billion in value, according to Industrial Info's Global Market Intelligence Platform. China, India and Iran are the top three countries for steel manufacturing projects.
Click on the image to view the top 10 countries for steel-manufacturing projects, according to Industrial Info's Global Market Intelligence Platform.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
China's demand is driving steel consumption, while the rest of the world has contracted. But increasing pandemic vaccinations and market conditions are expected to increase demand in the rest of the world in the near term.
There are more than 5,700 active steel-manufacturing projects worldwide, totaling $340 billion in value, according to Industrial Info's Global Market Intelligence Platform. China, India and Iran are the top three countries for steel manufacturing projects.
Click on the image to view the top 10 countries for steel-manufacturing projects, according to Industrial Info's Global Market Intelligence Platform.Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
