Demand for steel in EU will increase by 2.2 percent in 2018
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Demand for steel in the European Union will increase in 2018 by 2.2 percent up to 166.6 million metric tonnes, and will increase by 3.9 percent worldwide to 1,657.9 million tonnes, according to the autumn forecasts of the World Steel Association.
In the following year, the demand for steel will increase in the EU countries by 1.7 percent up to 169.4 million tonnes, and 1.4 percent around the world up to 1,681.2 million tonnes.
Demand in the EU is being driven by strong activity in the automotive sector and the growth of the construction industry in recent years.
