Page 72 - Steel Tech India eMagazine Volume October 2020

81. Ŗ 01 Ŗ 1EVQDGT

HGNN D[ KP OCP[ EQWPVTKGU 9JKNG UWRRN[ UKFG OQDility patterns along with the ongoing transition to
KUUWGU FKUUKRCVGF TGNCVKXGN[ SWKEMN[ RQUV NQEMFQYP '8
recovery has been constrained by a slow return in 3. Machinery
FGOCPF )NQDCN CWVQOQVKXG RTQFWEVKQP YCU FQYP D[ 6JG UGEVQT YCU UGXGTGN[ JKV D[ VJG FKUTWRVKQPU QH UWRRN[
[ Q [ KP 3 *QYGXGT +P %JKPC TQDWUV EJCKPU CPF FGENKPG KP QTFGTU FWTKPI VJG NQEMFQYP
FQOGUVKE FGOCPF JCU JGNRGF C HCUVGT TGEQXGT[ DWV %JKPC NGF VJG EQPVTCEVKQP QH VJG OCEJKPGT[ UGEVQT KP
QXGTCNN HTQO ,CPWCT[ VQ #WIWUV %JKPCŏU OQVQT 3 YJKEJ YCU HQNNQYGF D[ VJG '7 VJG 75 CPF
XGJKENG RTQFWEVKQP KU UVKNN DGNQY VJG GSWKXCNGPV ,CRCP KP 3 5KPEG /C[ VJG FGENKPG QH OCEJKPGT[
+P VJG TGUV QH VJG YQTNF VJG UKVWCVKQP KU OWEJ YQTUG +P QWVRWV FGEGNGTCVGF DWV VJG KPFWUVT[ KU UVKNN EQPVTCEVKPI
KP OQUV EQWPVTKGU .QY RTQſVU CPF EQPſFGPEG KU
,CPWCT[ #WIWUV ECT RTQFWEVKQP KP )GTOCP[ CPF VJG 75 ECWUKPI FGNC[U QT ECPEGNNCVKQP QH KPXGUVOGPV RTQLGEVU
YCU FQYP D[ OQTG VJCP [ Q [ (QT VJG UCOG CPF OCMKPI TGEQXGT[ QH VJG UGEVQT DG[QPF VJG KPKVKCN
EQORCTKUQP RGTKQF +PFKCŏU RCUUGPIGT ECT RTQFWEVKQP TGDQWPF UNWIIKUJ 'ZEGRVKQPCNN[ KP %JKPC VJG QWVRWV
YJKEJ EQORNGVGN[ JCNVGF FWTKPI VJG NQEMFQYP KU NGXGN FWTKPI ,CPWCT[ #WIWUV JCU GZEGGFGF VJCV
below last year. QH
#V VJG UCOG VKOG VJG KPFWUVT[ KU IQKPI VJTQWIJ 6JG UWDFWGF RTQURGEV QH KPXGUVOGPV TGEQXGT[ YKNN
UWDUVCPVKCN TGUVTWEVWTKPI YKVJ TGCNKIPOGPV QH UWRRN[ EQPUVTCKP VJG TGEQXGT[ QH VJG OCEJKPGT[ UGEVQT KP VJG
EJCKPU HQT KPETGCUGF TGUKNKGPEG EJCPIGU KP WTDCP OKF VGTO

Table 1: Steel demand forecasts: SRO October 2020, Ànished steel products

Million tonnes Y-o-Y growth rates,%
Regions 2019 2020(f) 2021 (f) 2019 2020 (f) 2021 (f)
'WTQRGCP 7PKQP
1VJGT 'WTQRG
%+5 5.5
75/%# 122.2
%GPVTCN CPF 5QWVJ #OGTKEC 8.2
#HTKEC
Middle East
#UKC CPF 1EGCPKC 1254.5 2.1 2.5
World 4.1
f - forecast
0QVG 6JG UVCVKUVKECN KUUWGU TGRQTVGF D[ YQTNFUVGGN KP RTGXKQWU 541U TGNCVKPI VQ VJG ENQUWTG QH KPFWEVKQP HWTPCEGU
CPF VJG EQPUGSWGPV WPFGTTGRQTVKPI QH FGOCPF KP QHſEKCN ſIWTGU YKNN JCXG PQY NCTIGN[ RNC[GF VJTQWIJ VJG U[UVGO
*QYGXGT KV KU DGNKGXGF VJCV UQOG FGITGG QH WPFGTTGRQTVKPI HTQO EQWNF UVKNN CHHGEV VJG ITQYVJ TCVG 6CMKPI
VJKU GHHGEV KPVQ CEEQWPV YQTNFUVGGN GUVKOCVGU TGCN ITQYVJ KP %JKPC KP VQ DG 6JKU NGCFU VQ INQDCN ITQYVJ
QH KP
Table 2: Top 10 steel-using countries 2019: SRO October 2020, Ànished steel product
Million tonnes Y-o-Y growth rates,%
Countries 2019 2020 (f) 2021 (f) 2019 2020 (f) 2021 (f)
China 8.5
+PFKC
7PKVGF 5VCVGU
Japan 8.1
South Korea
4WUUKC 5.5
)GTOCP[
6WTMG[
+VCN[
Mexico
f - forecast

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