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Lakshmi Mitall disagrees with the World Association of Manufacturers WSA

In his interview with Reuters, the head of Arcelormittal Lakshmi Mitall expressed his point of view on the prospects for the global steel consumption market. In his opinion, the market expects the growth of world steel consumption this year at the level of 4-4.5%.

At the same time, Lakshmi Metall predicts a decrease in steel consumption in the euro of the Union by 2%, while in North America it is planned to grow the steel market by 7%, and in other countries of the world - by 5%.

The forecast for the world's largest steel company Arcelormittal is somewhat different from seeing the situation by the World Steel Management Association - wsa .

According to WSA experts, this year the global visible consumption of steel will increase by only 3.6% and reach 1.422 billion tons. According to the forecast, in Europe in 2012, demand will fall 1.2%.

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