World Iron and Steel Demand Forecasting of 2016 to Drop to 1.48770 billion Tons

According to iron and steel short‐term demand forecasting World Steel Association announced on 13th, world steel demand of 2016 decreased by 0.8% from the previous year to 1.48770 billion tons, it will be the decrease for the 2 straight years. Though demand in China makes up 43% of the total in the world, it will decrease for the 3 straight years. Total of countries other than China will rise by 1.8% for the first time in 2 years.