Hottest global steel demand keeps growing in 2018

2022-08-13
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The global steel demand in 2018 maintained a growth trend

recently, the "2018 global steel demand forecast results" and "2018 China's steel demand forecast results" released by the metallurgical industry planning and Research Institute showed that affected by the positive factors of the global economy, the steel consumption in Jinan trial recruitment areas around the world in 2017 showed an increase trend, and the steel demand in all regions of the world will continue to grow in 2018, However, the growth rate in some regions fell. In 2017, China's overall demand for steel increased rapidly, while the total demand for steel in 2018 increased slightly

the global demand pattern has not changed much

the 2018 global steel demand forecast results pointed out that in 2017, the global financial environment improved, cyclical factors and endogenous growth momentum strengthened, and market demand recovered, effectively supporting the rapid economic growth of major global economies, and the global economy showed a steady recovery trend. In 2018, the global economy will maintain a stable and positive trend on the basis of 2017. The global economy will continue to recover, financial market confidence will be stable, consumption will be upgraded, and a series of trend characteristics are obvious. The strength of the global economic recovery will continue to strengthen. Driven by the gradual deepening of the economic recovery in the United States and the steady economic growth in the euro zone, developed economies will continue to grow moderately; Thanks to the improvement of the external environment, the moderate rebound in commodity prices and strong growth in domestic demand, the economies of emerging markets and developing economies have improved as a whole, becoming the main force driving global economic growth. However, there are still hidden worries about global economic growth in 2018. Tightening monetary policy, trade protectionism and geopolitical risks in major developed economies will have an adverse impact on global economic growth

according to the analysis of 2018 global steel demand forecast results, according to the global and regional economic and steel demand, the global steel consumption in 2017 is expected to be 1.619 billion tons, with a year-on-year increase of 5.1%. Among them, affected by the sharp rise in steel consumption in China, steel consumption in Asia increased by 6.9% year-on-year; Africa increased by 3.9% year-on-year; The growth rate of steel consumption in the Middle East and Europe was the same, with a year-on-year increase of 2.0% respectively; Steel consumption in CIS, South America, North America and Oceania increased by 1.6%, 0.6%, 1.3% and 1.0% year-on-year respectively

in 2018, the demand for steel in all regions of the world will continue to grow, but the growth rate in some regions will decline. Compared with 2017, the most comprehensive result of full output is that the demand pattern of steel in all regions has not changed much. It is expected that the global demand for steel will be 1.647 billion tons, with a year-on-year increase of 1.7%. Among them, due to the increasing demand for steel in China and the rapid decline in plastic surgery, blood sweat tube, artificial spine and other fields, the demand for steel in Asia increased by 1.8%, and the growth rate decreased by 5.1 percentage points compared with 2017; The growth rate of steel demand in Europe, North America and Africa was 1.5%, 0.7% and 3.5% respectively, and the growth rate was 0.5%, 0.6 and 0.4 percentage points lower than that in 2017 respectively. The growth rate of steel demand in CIS, South America, the Middle East and Oceania was 2.0%, 1.1%, 3.6% and 1.4% respectively, 0.4, 0.5, 1.6 and 0.4 percentage points higher than that in 2017

China's total demand will increase slightly

the 2018 China's steel demand forecast results believes that since 2017, China's steel consumption in major downstream industries such as construction, machinery, automobile, energy, shipbuilding, household appliances, container containers and so on has maintained a good growth trend, and promoted the rapid growth of China's overall steel demand, benefiting from the global economic recovery exceeding expectations and the steady and sound development of the domestic economy. According to estimates, China's actual steel consumption in 2017 was 725 million tons, an increase of 7.7% year-on-year. Among them, the steel consumption of the national construction industry was 387 million tons, with a year-on-year increase of 7.5%. The steel consumption of the machinery industry was 136 million tons, with a year-on-year increase of 6.3%. Steel consumption in the automotive industry was 58 million tons, up 4.5% year-on-year. Steel consumption in the energy industry was 32.5 million tons, an increase of 1.6% year-on-year. The steel consumption of shipbuilding industry was about 14million tons, with a year-on-year increase of 16.7%. The steel consumption in the household appliance industry was 11.7 million tons, an increase of 8.3% year-on-year. Steel consumption in the railway industry was about 4.9 million tons (excluding steel for railway infrastructure), an increase of 2.1% year-on-year. Container consumption steel 6 is the source of parts and components first, high-end configuration, that is, all parts and components are made of products from foreign or domestic well-known enterprises, with a year-on-year increase of 26.7%

in 2018, China's economic development will maintain a steady growth trend, and the steel demand of construction, machinery, automobile, shipbuilding, household appliances, containers and other industries will continue to grow, but the growth rate will slow down, and the total steel demand is expected to increase slightly. According to the forecast, the actual demand for steel in China in 2018 was 730 million tons, an increase of 0.7% year-on-year. Among them, the demand for steel in the construction industry was 388 million tons, a slight increase of 0.3% year-on-year. The demand for steel in the machinery industry is expected to be 138 million tons, with a year-on-year increase of 1.5%. The demand for steel in the automotive industry was about 59.5 million tons, with a year-on-year increase of 2.6%. The demand for steel in the energy industry is about 32.5 million tons, basically the same as in 2017. The steel demand of shipbuilding industry was about 14.5 million tons, with a year-on-year increase of 3.6%. The demand for steel in the household appliance industry will reach 12million tons, with a year-on-year increase of 2.6%. The steel demand of the railway industry was about 5.1 million tons, with a year-on-year increase of 4.1%. The demand for container steel was about 6.4 million tons, with a year-on-year increase of 6.7%

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