Items filtered by date: Wednesday, 16 October 2019
Global steel demand to grow by 1.7% in 2020 16 October 2019
Belgium: The World Steel Association (Worldsteel) published its Short Range Outlook (SRO) for 2019 and 2020 on 14 October 2019. It estimates global steel demand growth of 3.9% to 1.78Bnt/yr in 2019, slowing to 1.7% in 2020, with a demand of 1.80Bnt/yr. China leads the field with an estimated 7.8% growth to 900Mt/yr in 2019. Worldsteel named high rates of investment in property as a cause, and forecasted a slowdown to 1.0% in 2020, yielding a demand of 909Mt/yr, as a result of China’s continued economic deceleration.
BIS secures single materials handling contract from GFG 16 October 2019
Australia: BIS, the production services provider, will be the sole materials handler for the Australian steel and mining giant GFG Alliance. The contract includes slag processing and handling, with conveyance to cement industry buyers across South Australia.