According to WordSteel, the global steel demand will decrease from +4.2% on 2019 to +1.9% on 2020. If China be excluded from the calculations, steel demand improves from +0.7% to +2.7%.

Iran steel demand has reduced 5.5% on 2019 because it was expected that GDP decreases 6.2%! However it seems that Iran steel market will be good on 2020. Though to the fall of GDP, Iran domestic steel consumption will increase 0.8% on 2020. It is expected that the main markets using Iran steel will increase their consumption as follow:

Indonesia: +10%

Philippines: +6%

Thailand: +4.8%

Vietnam: +6%

 

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