Global steel demand will grow in 2017

The World Steel Association (WSA) predicts that steel demand in 2017 should increase by 1.3%. According to the association, this will have a positive impact on the steel market and ensure the stability of prices for steel products after the previous fall.

Along with a warming American economy, industry in the EU and Japan is not growing and China is still closing unprofitable steel mills. Thus, the World Steel Association predicts a 1.3% growth in global steel demand this year.