Home / News / Industry News /

Steel demand in developing economies (excluding China) will grow at a low speed

Steel demand in developing economies (excluding China) will grow at a low speed
May 07, 2022 page view:4

steel

With the persistence of the impact of the COVID-19 pandemic and inflation, as well as many emerging economies entering a tight money cycle, the recovery of steel demand in developing economies (except China) faces more challenges.

Steel demand in developing economies (excluding China) increased by 10.7% in 2021, following a 7.7% decline in 2020, a figure slightly higher than the forecast of the World Steel Association.

In 2022 and 2023, developing economies (except China) will continue to face challenges brought by the deteriorating external environment, the conflict between Russia and Ukraine and the tightening of monetary policy in the United States. These challenges will lead to the low-speed growth of steel demand in developing economies (except China) in the past two years, which is expected to increase by 0.5% and 4.5% respectively.

BBN Group provides you with Steel demand in developing economies (excluding China) will grow at a low speed so you can keep up with the latest news of BBN Group, and you can learn Industry News and all BBN Group news . And BBN Group products and services , BBN Group cases .
Back to list
I Want To...
Contacts
Hotline:0086-371-86151827
Latest News
More News
2022.06.29
On June 28, 2022, BBN steel held party for our employees who joined BBN steel in June. They are Olivia, Kathy, Wendy, Katrina...More than 10 colleague
2022.06.29
S355J2W meaning: S is structural steel, 355 is the yield strength of 355MPa, J2 requires -20℃ impact, the letter W indicates that the steel has the
Get An Instant Quotation
Please fill out the form below (required *), send us a short message, and we will contact you as soon as possible.
Product&Service
  • Metallic materials
  • Metal processing
  • Pipe processing
  • Precision casting
  • Oil and gas storage equipment
  • Environmental Engineering Services
  • Furniture Life
  • Fertilizer Production Equipments
  • Fertilizer Production Lines
Consulting online customer service
0086-371-86151827
bb@bebonchina.com
International Leading Steel Supplier
BBN continues to enhance value creation and firmly promote social harmony
Copyright © 2020 by BBN Group All rights reserved豫ICP备19040928号-1
Online
Email
Inquiry