company news about The World Steel Association forecasts that global steel demand will shrink by -2.4% in 2020

In 2020, the COVID-19 epidemic broke out rapidly and continued to ferment, which had an unprecedented severe impact on the production and operation of the global steel industry.On October 15, the World Iron and Steel Association forecast that global steel demand will shrink by -2.4 percent to 1.725.1 billion tons in 2020.In 2021, global steel demand is expected to recover to 1.795.1 billion tons, an increase of 4.1% year on year.