The slowdown in the growth rate of steel consumption is expected

According to the recently published forecast by Fitch Solutions "Global Steel Outlook", the growth of world production and consumption of steel in 2018-2019. will slow down.

Key drivers will be China, as well as India, whose share in global steel production will grow from 6% to 8.6% by 2027. The forecast for steelmaking in the world for the current year implies an increase in volumes by 1.9%.

World steel consumption is expected to grow by 4.2% in 2018, and 2.29% in 2019 (an increase of 5.1% in 2017). By 2027 this indicator will grow from 1.79 billion to 2.01 billion tons.

The growth in steel consumption in China is projected at 7.1% in 2018. In India from 2018 to 2027 years. an improvement of 5.4% is expected on average. Demand for steel in the US will grow in the coming years, and in Japan and South Korea will remain relatively weak, according to Fitch.

The material is prepared according to minprom.ua (https://www.minprom.ua/news/247435.html)