An October 2018 release from the World Steel Association predicted a small increase (1.4%) in global steel demand for 2019. That projection proved to be too conservative as the same report (pictured above) in October 2019 details increases of 3.9 percent due in large part to an unexpected rise in demand in China.. The year was challenging for the vast majority of worldwide economies, but Asia Steel Prices & India Steel PricesAsia steel prices are derived from an arithmetic average of the low transaction values identified in Japan, Taiwan, South Korea and China collected in national currencies and converted into US dollars using currency exchange rates effective at the start of each month to provide a basis for comparisons.
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