company news about World Steel Association (WSA) released the World Steel Statistics 2022

On June 7, the World Steel Association (WSA) released the World Steel Statistics 2022, which introduces the overall development of the steel industry through major indicators such as steel output, steel apparent consumption, global steel trade volume, production and trade volume.

We recently released our short-term steel demand forecast for April. At a time when the Ukrainian people are experiencing the double tragedy of life and economic crisis, we hope that peace will come at an early date. The scope of the conflict varies from region to region, depending on the amount of direct trade and financial exposure to the two countries. Despite this, we forecast that world steel demand will grow by 0.4% to 1.8402 billion tons in 2022. In 2023, steel demand will continue to grow by 2.2% to reach 1.881.4 billion tons.