Worldsteel predicts 2021 recovery in steel demand The association forecasts a contraction in steel demand of 6.4 percent in 2020 arising from the COVID-19 pandemic.

The World Steel Association (Worldsteel), Brussels, has released its Short Range Outlook (SRO) for steel demand in 2020 and 2021, predicting that steel demand will contract by 6.4 percent, dropping to 1,654 million metric tons, because of the upheaval created by the COVID-19 pandemic. The association says it expects steel demand to recover in 2021 to 1,717 million metric tons, an increase of 3.8 percent compared with 2020. Read more