Date: 4 months ago   Category: Industry

Severstal predicts increase in demand for steel following the results of 2018 for 2,1% — Rambler News Service


Global demand for rolling steel following the results of 2018 will grow by 2,1% and will be 1,643 billion tons, follows from the presentation of PJSC Severstal. According to the company, to China 766 million tons, on the rest of the world — 877 million tons is necessary. According to forecasts of Severstal, increase in demand for steel in 2019 will be slowed down up to 1,5% and will make 1,667 million tons. Annual increase in demand following the results of 2018 in Russia will make 1,1%. At the same time, according to Severstal, increase in demand in India will make 7,5%, in Latin America — 3,4%, in the USA — 2,3%, and in China — 2%. At the same time, demand for steel in Turkey following the results of a year will be reduced by 2,3%. According to the head of department of corporate strategy of the company Maxim of Semyonov, it is connected with an economic crisis in the country.

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