1、CLASSIFICATION C0-PUBLICWorld Steel OutlookWorld steel outlookHead,Data ManagementWorld Steel Association14 October 2024,DohaAdam SZEWCZYKDisclaimerThis document is protected by copyright.Distribution to third parties or reproduction in any format is not permitted without written permission from wor
2、ldsteel.3Contents4About worldsteelRole of steel in the global economyWorld steel outlook 2024-2025Challenges aheadSummaryworldsteel who we areThe World Steel Association(worldsteel)is a non-profit organisation.It has headquarters in Brussels,Belgium.A second office in Beijing,China,opened in April 2
3、006.worldsteel represents steel producers,national and regional steel industry associations,and steel research institutes.Members represent around 85%of global steel production.5worldsteel our key focus areasworldsteel is active in key areas of interest to the steel industry:6AutomotiveCommunication
4、sConstructionEducation and trainingClimate change and environmentLife cycle assessmentSafety and healthRaw materialsSteel market analysisSustainabilityTechnology7Role of steel in the global economySteel is all around us8Steel use by sector0.00.20.40.60.81.01.21.41.61.82.01950 1955 1960 1965 1970 197
5、5 1980 1985 1990 1995 2000 2005 2010 2015 2020Global crude steel production 1950-20239billion tonnesWorldChina10Source:worldsteel,USGS,OECD,BP,FAOUN 02 0004 0006 0008 000CoalCementOilTimberSteelAluminiumMtProduction of steel and other commodities2016Why is steel important in the global economyValue
6、added of selected industriesSource:Oxford Economics 20181011World steel outlook 2024-2025Global overviewSteel demand,finished steel(SRO October 2024)20232024(forecasts)2025(forecasts)1 767.01 750.91 771.5-0.8%-0.9%1.2%12MtMtMtRefresher:April 2024 forecast:2024=1.7%,2025=1.2%Despite headwinds,the glo