World Steel Association cuts 2014 global steel demand growth forecast to 2%
The Dollar Business Bureau | @TheDollarBiz India became a net exporter of finished steel in FY2013-14. India's total finished steel exports stood at around 5.59 million tonnes against total imports of 5.45 million tonnes in the year. Global apparent steel (finished steel products) demand is expected to increase 2% in 2014 and 2015, mainly driven by demand in India, Africa and the Middle East, while demand in other regions is expected to remain subdued due to geopolitical factors and economic slowdown, according to the World Steel Association (Worldsteel). Global finished steel use in 2013 stood at around 1.48 billion tonnes, up about 3.8% from the previous year, but demand is likely to grow by 2% this year to 1.56 billion ...
