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WSA: Record steel demand in 2011

20 April 2010

by Mark Watts

World Steel Association expects demand to exceed pre-downturn levels this year

Keywords: steel, refractories, steel demand, World Steel Association, WSA

The World Steel Association (WSA) expects global steel demand to exceed to pre-crisis levels in 2010 and reach a record high in 2011 driven by emerging economies, the Vienna-based industry association said.Global steel use was forecast to increase 10.7% to 1.24bn. tonnes in 2010 after a 6.7% contraction in 2009. Next year demand is expected to jump 5.3% to a historical high of 1.31bn. tonnes.A strong recovery in steel...