According to the World Steel Association's short range outlook for 2011 and 2012, steel use will increase by 5.9% to 1,359 mmt in 2011, following 13.2% growth in 2010. In 2012, it is forecast that world steel demand will grow further by 6.0% to reach a new record of 1,441 mmt.
This forecast suggests that by 2012, steel use in the developed world will still be 14% below 2007 levels, whereas in the emerging and developing economies, it will be 38% above. In 2012, the emerging and developing economies will account for 72% of world steel demand in contrast to 61% in 2007.
Source: World Steel Association
Related Stories
Steel Buildings | Feb 10, 2015
Korean researchers discover 'super steel'
The new alloy makes steel as strong as titanium.
| Nov 7, 2014
Prefab helps Valparaiso student residence project meet an ambitious deadline
Few colleges or universities have embraced prefabrication more wholeheartedly than Valparaiso (Ind.) University. The Lutheran-based institution completed a $27 million residence hall this past summer in which the structural elements were all precast.
| Nov 6, 2014
Demountable structural steel could up the ante on sustainability
Demountable structural steel assemblies would be a greener way to make use of steel in the construction industry than recycling.
| Nov 3, 2014
AISC seeks entries for 2015 IDEAS2 Awards
These prestigious awards recognize outstanding achievement in engineering and architecture on structural steel projects across the country.
| Aug 13, 2014
Sixth Annual SteelDay Set for Sept. 19
Hosted by AISC and its members and partners, SteelDay offers free events throughout the country for AEC professionals, faculty and students and the public to see firsthand how the vibrant U.S. structural steel industry works to build our country's buildings and bridges.
| Jul 14, 2014
Foster + Partners unveils triple-glazed tower for RMK headquarters
The London-based firm unveiled plans for the Russian Copper Company's headquarters in Yekaterinburg.
| Jul 1, 2014
China's wild circular skyscraper opens in Guangzhou [slideshow]
The 33-story Guanghzou Circle takes the shape of a giant ribbon spool, with the floor space housed in a series of boxes suspended between two massive "wheels."
| Jun 18, 2014
Arup uses 3D printing to fabricate one-of-a-kind structural steel components
The firm's research shows that 3D printing has the potential to reduce costs, cut waste, and slash the carbon footprint of the construction sector.
| Apr 9, 2014
Steel decks: 11 tips for their proper use | BD+C
Building Teams have been using steel decks with proven success for 75 years. Building Design+Construction consulted with technical experts from the Steel Deck Institute and the deck manufacturing industry for their advice on how best to use steel decking.
| Feb 14, 2014
Must see: Developer stacks shipping containers atop grain silos to create student housing tower
Mill Junction will house up to 370 students and is supported by 50-year-old grain silos.
