Global steel demand to rise in 2006
The International Iron and Steel Institute (IISI) today released its short range outlook for steel demand.
According to the report, the apparent steel demand is expected to grow from 972 million metric tons in 2004 to between 1'040 and 1.053 million metric tons in 2006. This represents a growth of 4-5 percent over the two-year period.
IISI indicates that
China will see the highest growth in worldwide. The steel demand in
China will increase 10 percent this year and 7-10 percent in 2006.
Apparent steel demand forecast 2004-2006
2004-2005 2005-2006
mmt % mmt %
2004 2005 2006
World 971 998 1040-1053 +26.6 2.7 40-55 4.0-5.5
China 272 300 320-330 +28.0 10.3 20-30 7.0-10.0
Rest of 699 698 720-725 -1.4 -0.2 20-25 3.0-3.5
the world