Tag: Global steel demand to edge down for CY’24: WSA

Global steel demand is expected to inch down by 0.9% to 1.751 mnt in CY’24 but rebound by 1.2% to 1.772 mnt in CY’25, according to the World Steel Association’s (WSA) short-range outlook, released in Oct’24. The key factors influencing this trend are gradual stabilisation in China’s real estate sector, interest rate adjustments, and increased…