Posted on 15 Oct 2015
Chinese Steel demand may drop by 3.5% in 2015, 2% in 2016: worldsteel
The Chinese economy has decelerated as the impact of the rebalancing
measures on the investment and real estate sector turned out to be more
severe than expected, said the World Steel Association (worldsteel).
As
a result, activities in the construction and manufacturing sectors have
slowed considerably. China’s steel demand is expected to decrease by
3.5% in 2015 and 2.0% in 2016, following its demand peak in 2013.
There
is an increasing risk associated with this economic slowdown and the
consequent financial market volatility, which has become a global
concern.
worldsteel also forecasts that global steel demand
will decrease by 1.7% to 1,513 Mt in 2015 following growth of 0.7% in
2014. In 2016, it is forecast that world steel demand will show growth
of 0.7% and will reach 1,523 Mt.
