MEPS’ forecast for crude steel manufacturing in North America for 2012 is 123 million tonnes – up 3.3 percent, year-on-year. US steel mills maintained strong activity in 2011, despite poor market conditions in the second half. A more modest rise, at around 3 percent, is envisaged this year.
New housing and construction projects in the emerging and developing countries are expected to fuel increasing activity in the industry. Once again, a large proportion of the improvement will take place in the Asian continent.
|MEPS Global Crude Steel Production Forecast
|(e) – Estimate (f) – Forecast
* adjusted to account for under-reporting