The World Steel Association () released the latest global steel demand forecast, predicting that global steel demand will grow by .% this year, reaching . billion tons. This forecast is based on the expectation of global economic recovery, particularly driven by strong demand in emerging markets such as China, India, and Southeast Asia.

The report states that despite numerous uncertainties in the global economy, such as inflation, supply chain disruptions, and geopolitical tensions, the steel industry has shown strong resilience. Particularly in the construction and automotive sectors, steel demand continues to grow, serving as a major driving force for the recovery of the global steel market.

In addition, the World Steel Association has emphasized the importance of sustainability and called on the steel industry to accelerate its green transformation and reduce carbon emissions. The report mentioned that many steel companies have already begun to adopt advanced environmental protection technologies and processes to improve energy efficiency and reduce environmental impact.

In global steel demand forecasts, China remains the largest consumer of steel, with an expected annual growth of .% in steel demand, reaching . billion tons. India and Southeast Asian countries also have optimistic expectations for steel demand growth, with forecasts of .% and .% growth respectively.

This forecast by the World Steel Association provides important reference for the global steel industry, helping enterprises formulate future development strategies and investment plans. At the same time, the report also reminds industry participants to closely monitor changes in the global economic situation, adjust strategies in a timely manner, and respond to potential risks and challenges.