Page 70 - Steel Tech India eMagazine Volume October 2020

81. Ŗ 01 Ŗ 1EVQDGT

WORLDSTEEL SHORT RANGE OUTLOOK VQ VJG UGEQPF YCXG QH KPHGEVKQPU EQPVKPWGF UQEKCN
OCTOBER 2020 FKUVCPEKPI OGCUWTGU GNGXCVGF WPGORNQ[OGPV CPF
YQTNFUVGGN JCU TGNGCUGF CP WRFCVG VQ KVU 5JQTV 4CPIG YGCM EQPſFGPEG CNNKGF YKVJ KPETGCUKPI EQPEGTP QP VJG
1WVNQQM 541 HQT CPF 6JKU 541 KU UJQYKPI VKOKPI QH C FGOCPF TGEQXGT[
C OWEJ OQTG QRVKOKUVKE QWVNQQM VJCP VJG RTGXKQWU 1P VJG RQUKVKXG UKFG JGCNVJ U[UVGOU CTG KP C OWEJ
541 ſPCNKUGF KP ,WPG 9JKNG UVKNN UJQYKPI C FGENKPG DGVVGT UJCRG VQ VCEMNG VJG RCPFGOKE PQY FWG VQ VJG
KP FGOCPF HQT KV KU C OWEJ UOCNNGT FGENKPG VJCP NGUUQPU NGCTPV HTQO VJG ſTUV YCXG # ECTGHWN DCNCPEG
previously expected. DGVYGGP EQPVCKPKPI VJG XKTWU CPF OCKPVCKPKPI VJG
+P YQTNFUVGGN HQTGECUVU VJCV UVGGN FGOCPF YKNN XKCDKNKV[ QH GEQPQOKGU KU DGKPI YKFGN[ UQWIJV #FFGF
EQPVTCEV D[ FTQRRKPI VQ /V FWG VQ VQ VJKU KP VJG PQTVJGTP JGOKURJGTG VJGTG KU WPEGTVCKPV[
VJG %18+& RCPFGOKE +P UVGGN FGOCPF KU QXGT JQY %18+& YKNN GXQNXG FWTKPI VJG WREQOKPI
GZRGEVGF VQ TGEQXGT VQ /V CP KPETGCUG QH ƀW UGCUQP YJKEJ OC[ JCXG C UGTKQWU KORCEV QP VJG
QXGT # UVTQPI TGEQXGT[ KP %JKPC YKNN OKVKICVG QWVNQQM HQT 6JG TKUM KU VKNVGF VQYCTF VJG FQYPUKFG
VJG TGFWEVKQP KP INQDCN UVGGN FGOCPF VJKU [GCT 6JG RQUV # 9 UJCRGF TGEQXGT[ ECPPQV DG TWNGF QWV CPF C HWNN
NQEMFQYP TGEQXGT[ KP UVGGN FGOCPF KP VJG TGUV QH VJG TGEQXGT[ KP KU WPNKMGN[
YQTNF JCU DGGP UVTQPIGT VJCP YCU GCTNKGT GZRGEVGF 1. China
DWV KV UVKNN OCTMU C FGGR EQPVTCEVKQP KP DQVJ HTQO %JKPCŏU UVTQPI TGEQXGT[ UKPEG NCVG (GDTWCT[ YJKEJ
FGXGNQRGF CPF GOGTIKPI GEQPQOKGU YKVJ QPN[ C RCTVKCN EQPVKPWGU CV C UVGCF[ RCEG UWIIGUVU RQUKVKXG )&2
TGEQXGT[ GZRGEVGF KP ITQYVJ KP FGURKVG C EQPVTCEVKQP KP VJG ſTUV
6JG HQTGECUV CUUWOGU VJCV FGURKVG VJG EWTTGPV quarter.
TGUWTIGPEG KP KPHGEVKQPU KP OCP[ RCTVU QH VJG YQTNF &WTKPI ,CPWCT[ #WIWUV KPXGUVOGPV KP TGCN GUVCVG YCU
PCVKQPYKFG NQEMFQYPU YKNN PQV DG TGRGCVGF +PUVGCF WR [ Q [ CPF KPHTCUVTWEVWTG KPXGUVOGPV TGEQXGTGF
UGNGEVKXG CPF VCTIGVGF OGCUWTGU YKNN DG CDNG VQ EQPVCKP VQ VJG NGXGN QH NCUV [GCT +P #WIWUV VJG OGEJCPKECN
this second wave. OCEJKPGT[ CPF CWVQOQVKXG UGEVQTU UJQYGF C [ Q [
%QOOGPVKPI QP VJG QWVNQQM /T #N 4GOGKVJK %JCKTOCP ITQYVJ QH CPF TGURGEVKXGN[ #U C TGUWNV
QH VJG YQTNFUVGGN 'EQPQOKEU %QOOKVVGG UCKF őVJG VJG OGEJCPKECN OCEJKPGT[ UGEVQTŏU QWVRWV FWTKPI
INQDCN UVGGN KPFWUVT[ RCUUGF VJG NQYGUV FGOCPF RQKPV ,CPWCT[ #WIWUV UWTRCUUGF VJCV QH YJKNG
HQT VJKU [GCT KP #RTKN CPF JCU DGGP TGEQXGTKPI UKPEG OKF CWVQOQVKXG RTQFWEVKQP KU UVKNN DGNQY VJG NGXGN
/C[ *QYGXGT VJG TGEQXGT[ KU WPGXGP CETQUU EQWPVTKGU 9KVJ TGVCKN UCNGU CNUQ ECVEJKPI WR KP #WIWUV VJG %JKPGUG
FGRGPFKPI QP VJGKT UWEEGUU KP EQPVCKPKPI VJG XKTWU VJG GEQPQO[ KU TCRKFN[ CRRTQCEJKPI HWNN PQTOCNKV[
PCVKQPCN KPFWUVT[ UVTWEVWTG CPF ſPCNN[ GEQPQOKE UWRRQTV %JKPCŏU UVGGN FGOCPF KU GZRGEVGF VQ KPETGCUG D[
OGCUWTGU %JKPC JCU UJQYP C UWTRTKUKPIN[ TGUKNKGPV KP CKFGF D[ IQXGTPOGPV KPHTCUVTWEVWTG UVKOWNWU
TGDQWPF EQPVTKDWVKPI VQ C OCLQT WRYCTF TGXKUKQP QH VJG CPF C UVTQPI RTQRGTV[ OCTMGV +P UVGGN FGOCPF
INQDCN ITQYVJ HQTGECUV HQT +P VJG TGUV QH VJG YQTNF KU GZRGEVGF VQ UVC[ ƀCV CU C TGUWNV QH VJG HQNNQYKPI VYQ
YG YKNN UGG C UJCTR EQPVTCEVKQP QH UVGGN FGOCPF DQVJ KP HQTEGU (KTUV VJG KPHTCUVTWEVWTG CPF JQWUKPI RTQLGEVU
FGXGNQRGF CPF FGXGNQRKPI GEQPQOKGU 6JKU ETKUKU JCU KPKVKCVGF KP YKNN EQPVKPWG VQ UWRRQTV UVGGN FGOCPF
DGGP RCTVKEWNCTN[ EJCNNGPIKPI HQT FGXGNQRKPI GEQPQOKGU KP 1P VJG QVJGT JCPF KH VJG GEQPQO[ UJQYU C
CU VJG[ EQPVKPWG VQ UVTWIING YKVJ VJG WPEQPVTQNNGF XKTWU HWNN TGEQXGT[ VJG IQXGTPOGPV KU NKMGN[ VQ TGXGTUG KVU
NQY EQOOQFKV[ RTKEGU CPF HCNNU KP GZRQTVU CPF VQWTKUO UVKOWNWU RQNKE[ VQ EQQN FQYP VJG EQPUVTWEVKQP UGEVQT
6JG RCPFGOKE JCU CEEGNGTCVGF OGICVTGPFU YJKEJ JCXG )KXGP VJG QWVNQQM HQT C YGCM INQDCN GEQPQO[ KP
DGGP UNQYN[ VTCPUHQTOKPI DQVJ QWT CPF QWT EWUVQOGTUŏ VJG OCPWHCEVWTKPI UGEVQTŏU TGDQWPF YKNN DG NKOKVGF
KPFWUVTKGU NGCFKPI VQ C NCUVKPI KORCEV HCT ITGCVGT VJCP 2. Advanced economies
UJQTV VGTO FGOCPF EQPUGSWGPEGU Œ
/CPWHCEVWTKPI KP VJG FGXGNQRGF GEQPQOKGU YJKEJ YCU
Background to the forecast
QPN[ LWUV DGIKPPKPI VQ TGEQXGT HTQO VJG UNQYFQYP KP
5KPEG VJG TGQRGPKPI QH OQUV GEQPQOKGU KP OKF /C[ NCVG YCU RWUJGF DCEM CICKP D[ VJG RCPFGOKE
RGPV WR FGOCPF KPKVKCVGF C UVTQPI TGDQWPF QH GEQPQOKE 'XGP YKVJ C UVTQPI DQWPEG DCEM CHVGT VJG GEQPQOKGU
CEVKXKVKGU UWIIGUVKPI C 8 UJCRGF TGEQXGT[ *QYGXGT TGQRGPGF YJKEJ JCU ENQUGF VJG ICR YKVJ RTG RCPFGOKE
VQ FCVG VJKU JCU PQV DGGP GPQWIJ VQ QHHUGV VJG FTQR NGXGNU FQWDNG FKIKV EQPVTCEVKQP QXGT VJG YJQNG [GCT UVKNN
FWTKPI VJG NQEMFQYP /CP[ UVGGN WUKPI UGEVQTU TGOCKP UGGOU WPCXQKFCDNG
DGNQY VJGKT RTG %18+& NGXGN +P VJG 75 TGEQXGT[ HTQO VJG NQEMFQYP JCU DGGP UVTQPI
# TGEQXGT[ HTQO VJG RCPFGOKE TGOCKPU HTCIKNG FWG CKFGF D[ UWDUVCPVKCN IQXGTPOGPV UWRRQTV OGCUWTGU

STEEL TECH