Worldsteel's statement included expectations that global steel demand will increase by 2.3 percent this year to 1,822 billion tons.
The World Steel Association has made a statement in the past that it predicts global steel demand will increase by only 1 percent this year.
In the statement, which also includes implications for the next year as of this year, there is an expectation that demand will increase by 1.7 percent to 1.854 billion tons by 2024.
"Manufacturing is expected to lead the recovery, but high interest rates will continue to suppress steel demand," the statement said.
It is predicted that the steel demand in Turkey will increase by 7.4 percent
In the statement, which also includes forecasts for Turkey, it was stated that the construction sector is expected to grow by 15 percent, considering the reconstruction and reinforcement works in regions where the base effect and earthquake risk are high in Turkey.
In the estimates made for Turkey, the construction industry is expected to grow by 15%, considering the base effect and the reconstruction and reinforcement works in areas with high earthquake risk.
In the statement, it was noted that automotive production is expected to increase by 2.5 percent with the relief of the problems caused by the chip supply problem.
In the statement of the association, it was reported that the steel demand in the country, which decreased by 2.6 percent in 2022, is expected to increase by 7.4 percent in 2023 and 6 percent in 2024.
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