India steel demand likely to exceed 7% in 2019, 2020: Global steel body

The WSA in its report said it forecasts that global steel demand may reach 1,735 million tonne (MT) in 2019, a rise of 1.3 per cent over 2018

Steel demand in India is expected to grow above 7 per cent in the current as well as next year, according to the World Steel Association.

The global steel body in its report, titled 'Short Range Outlook April 2019', said it forecasts that global steel demand may reach 1,735 million tonne (MT) in 2019, a rise of 1.3 per cent over 2018.

In 2020, the demand is projected to grow 1 per cent to 1,752 MT, it said.

"In developed economies, steel demand grew by 1.8 per cent in 2018 following a resilient 3.1 per cent growth in 2017. We expect demand to