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Low-carbon steelmaking faces high initial costs, market risks: Worldsteel | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Steel demand seen climbing 5.8% this year, to level off in 2022 Global steel demand will power ahead by 5.8% this year as economies recover from the COVID-19 pandemic, but growth will retreat next year as the impact of stimulus spending diminishes, the World Steel Association said on Thursday. The industry group upgraded its 2021 forecast from its October estimate of 4.1% growth as the buoyant economic recovery last year in top steel consumer China was being accompanied by gains elsewhere. “We are seeing quite a robust recovery in most of the rest of the world,” Director General Edwin Basson said in an online presentation. ....