IISI Issues Short Range Outlook for Steel Consumption in 2005
Brussels, Belgium - The International Iron and Steel Institute (IISI) has issued its short-range outlook for the apparent consumption of finished steel products in 2005. The outlook is in two parts: Global Economic Outlook and the Global Steel Outlook.
Global Steel Outlook
The Japanese economy is moving into a growth path. Steel demand is expected to grow in Japan by 4.5% in 2004. Demand is also strong in the U.S. European steel markets are also showing signs of improvement.
IISI expects steel consumption (per capita) in Latin America to increase by 6.4% in 2004, thus recovering to the peak achieved in the 1980s. The growth in this region has been led by Argentina and Brazil.