Global apparent steel consumption to rise by 3.6% in 2012, worldsteel says
Global apparent steel consumption is due to increase by 3.6% in 2012, as signs of stability start to emerge and recovery is expected to resume in the second half of the year, the World Steel Assn (worldsteel) said on Friday April 27.
Steel use is likely to reach 1.42 billion tonnes in 2012, up from 1.37 billion tonnes a year earlier, worldsteel said in its short-range outlook. This is supported by growth of 4% in China to 648.8 million tonnes of apparent consumption, a rise of 6.9% in India to 72.5 million tonnes and 5.7% growth in the USA. Central and South American consumption is set to grow by 6.8% in 2012 to 49.1 million tonnes, a “historical high,” according to worldsteel, with Brazil returning to positive growth of more than 5% in 2012.
Steel use is likely to reach 1.42 billion tonnes in 2012, up from 1.37 billion tonnes a year earlier, worldsteel said in its short-range outlook. This is supported by growth of 4% in China to 648.8 million tonnes of apparent consumption, a rise of 6.9% in India to 72.5 million tonnes and 5.7% growth in the USA. Central and South American consumption is set to grow by 6.8% in 2012 to 49.1 million tonnes, a “historical high,” according to worldsteel, with Brazil returning to positive growth of more than 5% in 2012.
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