AJOT | October 14, 2024 | International Trade | By The Numbers
worldsteel forecasts that this year global steel demand will drop further by 0.9% to 1,751 Mt. After three years of decline, we expect to see a broad-based recovery in the world excluding China in 2025. Global steel demand is forecast to finally rebound by 1.2% in 2025 to reach 1,772 Mt.