Edwin Basson, director general of the Worldsteel Association, said in his New Year's message recently that with the increase in vaccination rates and the government's support for epidemic prevention measures, steel demand will recover strongly in 2021, and the recovery will be stronger than expected.
As a result, recent forecasts suggest that steel demand in 2022 will increase by 2.2% to 1,886.4 million tonnes. The largest steel-using market comes from the construction industry, which is more resilient than most industries. This trend is expected to continue.
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