The data displays an estimate of global steel demand between 2016 and 2018, by region. In 2018, it is predicted that Africa's steel demand will reach 40 million metric tons.
Worldwide steel demand
Steel is an important material used in shipbuilding and car manufacturing, as well as building construction and infrastructure development. However, from 2009 through 2013, the steel industry experienced a challenging period including the upheaval in the United States financial markets, slowing economic growth in China, as well as the eurozone sovereign debt crisis.
