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Worldsteel raises forecast for 2018 global steel demand growth to 1.8 percent

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Reuters  |  LONDON 

By Maytaal AngelLONDON (Reuters) - Global steel demand will grow 1.8 percent this year and 0.7 percent next year, driven by favourable world economic momentum, though the market faces risks from rising trade tensions, the World Steel Association (worldsteel) said on Tuesday.In 2018, global steel demand will reach 1.616 billion tonnes, while in 2019, it will hit 1.627 billion, the worldsteel said. The association previously forecast growth of 1.6 percent this year."We're in a relatively positive phase compared to last year and the year before that. We see positive growth almost throughout the ...

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First Published: Tue, April 17 2018. 20:06 IST