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Demand for steel products - industrial and emerging markets 2015-2017

Demand for steel products in industrial and emerging markets from 2015 to 2017 (in million tons)

by Statista Research Department, last edited Apr 4, 2016
Demand for steel products - industrial and emerging markets 2015-2017 The statistic shows demand for steel products in industrial and emerging markets from 2015 to 2017. According to the forecast, demand for steel products in emerging markets will amount to approximately 1.18 billion tons in 201.
Demand for steel products in industrial and emerging markets

In light of previously unsustainable growth rates in China’s construction sector, the steel industry is predicted to face a difficult period beginning in 2017. In the industrialized world, it is estimated that around 410 million metric tons of finished steel products will be consumed in 2017. This figure represents a 1.1 percent increase on the 2016 figure, when consumption is expected to be a little less than 406 billion metric tons.

Emerging markets continue to play a major role in steel demand. India and Mexico are the two markets that are set to experience the strongest growth in apparent steel use between 2016 and 2017, offsetting contracting growth in China, where demand is predicted to decline by three percent. Both emerging and developing economies are set to see moderate growth rates through 2017. The European Union is expected to see tepid growth of about 1.7 percent. Steel is an important material used in shipbuilding and car manufacturing, as well as building construction and infrastructure development. Companies in these sectors will be happy to see steel and oil prices at low levels.
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Demand for steel products in industrial and emerging markets from 2015 to 2017 (in million tons)

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