Brazil looks set to drive demand for steelhttp://www.gwm-tv.com - Steel consumption in Central and South America will drive global growth according to the World Steel Association.
While China and Japan are the worldâs biggest and second-largest steel producing nations, it is the emerging economies such as Brazil and India that will likely lead gains in demand.
Steel demand in Brazil is tipped to rebound 34.6 per cent this year and consumption in the Central and South American regions looks set to gain 9.1 per cent, taking it to a record 47.6 million tons next year, said the association, whose members produce around 85 per cent of the worldâs steel.
