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According to the website of the Ministry of Commerce, the short-term outlook report released by the worldsteel in Paris recently raised its forecast of steel consumption demand for the world this year and next. The latest forecast shows that global steel consumption has maintained strong growth, with an expected growth of 6.5% in 2011 to 1.398 billion tons; in 2012 it will increase further by 5.4% to a record 1.74 billion tons. Daniel Novigel, Chairman of the Board of Directors of the World Steel Association, said: "In the first half of 2011, despite the global major earthquakes in Japan, the European debt crisis, the political turmoil in West Asia and North Africa, and the monetary tightening policies of some emerging economies, We see that global steel demand continues to continue to grow in 2010.†The report also pointed out that in this year and next year, there is a big difference in the growth trend of steel demand in different regions, and the recovery of demand in developed countries is slow, while most emerging economies and development China's steel demand will continue to grow strongly. By 2012, steel consumption in developed countries is still 15% lower than in 2007, while steel consumption in emerging and developing countries will be 44% higher than in 2007. In 2012, the proportion of steel demand in emerging economies and developing countries to global steel demand will increase from 61% in 2007 to 73%.
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