Apparent Steel Use

Apparent Steel Use

Since 2005, global apparent steel use of finished products, also known as demand, has tracked relatively closely with production and maintained a similar trend line. After gaining through 2007, demand slowed in 2008 and declined by 6.3 percent in 2009. As markets recovered from the global financial crisis, steel demand grew by 34 percent between 2009 and 2014. However, demand for steel was weak in 2015 decreasing by 2.8 percent — the same percentage decline as production that year. Despite the decline in 2015, demand for steel grew by 43.3 percent from 2005, an increase of 453.7 million metric tons.

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