LONDON The coming year
should see global steel consumption rise as much as 3 percent,
ArcelorMittal SA chairman and chief executive officer Lakshmi
Mittal said Jan. 11.
"Global steel demand will
increase by approximately 2 to 3 percent in 2013," the
Luxembourg-based companys top executive said at the AGH
University of Science and Technology in Krakow, Poland, where
he was receiving an honorary doctorate.
The increase would primarily be
due to "the expansion of markets in the (United States) and
also in emerging markets," local media quoted Mittal as
Such predictions arent
unusual despite ongoing negative sentiment in the steel market,
analysts told AMM sister publication Steel
"Mittals predictions fall
in line with the World Steel Association (WorldSteel)
forecast," a European analyst said.
"In October, WorldSteel
predicted a growth in global steel demand of approximately 2
percent," he added. "As far as Europe is concerned, given the
magnitude of the drop in steel demand in 2012 it is fair to
assume that growth will happen in 2013."
Global crude steel production
rose 5.1 percent year on year in November (
amm.com, Dec. 20), putting total production for
the 62 countries reporting to WorldSteel at 121.7 million
tonnes vs. 115.8 million tonnes in November 2011.
A version of this article
was first published by AMM sister publication Steel