Reportedly, Mr LN Mittal, CEO of ArcelorMittal that global steel demand will grow 2%-3% this year mainly because of expanding U.S and emerging markets, added that European consumption would be nearly flat with forecast growth is between 0.5% and 0.5%.
According to the World Steel Association in October last year that it expected global steel demand to grow by 3.2% in 2013, from which the European Union to increase 2.4%, and the rest of Europe to grow 4.5%.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=62519&division=A2
