Metal industries: International Iron and Steel Institute releases outlook.(Industry Insider)

Advanced Materials & Processes,  July, 2004  

Tags: Alcoa Inc., industry

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The Economic Studies Committee of the International Iron and Steel Institute has projected that global consumption of finished steel products will increase by 6.2% or 53 million metric tons (mmt) in 2004, and by 4.5% or 41 million metric tons in 2005. The growth can be clearly split into two separate areas, China and the Rest of the World (ROW).

Steel consumption in China is estimated to increase by 13.1% or 31 mmt in 2004 and by 10.4% or 27 mmt in 2005. China has increased its share of global steel consumption from 13.5% (87 mmt) in 1995 to an estimated 30.3% (290 mmt) in 2005. ...

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