World Steel rose 6.2% last year

Commodities , Metals , Steel Jun 11, 2012 No Comments

World steel 2012

The growth rate of steel production worldwide reached again 6.2% last year versus to 2010, the highest rate seen since a global statistic of this kind can be calculated.

 

This year, the apparent steel consumption in China is expected to increase about 4% and India 6.9% rising to a double-digit growth in 2013.

Meanwhile, the European steel consumption is forecasted to fall another 1.2% up 3.3% in 2013, worldsteel suggesting a small recovery in apparent steel demand from the end of 2012 and 2013 in Europe.

The world steel production has almost tripled since 1970. The world was producing less than 200 million tons in the year 1950.

 

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Pascal Blanc

Pascal has implemented numerous software solutions in the areas of procurement, sourcing, spend management, supplier evaluation and performance. His clients include Fortune 500 companies in Europe, Asia and North America. He is a co-founder of Source & Procure.

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