World apparent steel use revised downward again in October 2012


From the Nerds of Steel blog:
After a downward revision in April this year, worldsteel made a further revision downward for world apparent steel use in 2012. The revision this time was from 3.6% in April 2012′s Short Range Outlook to 2.1% in the latest October 2012 version published last week. In addition, the forecast for growth in world apparent steel use in 2013 was also revised from 4.5% to 3.2%. That means that instead of ASU of 1,422MT in 2012 and 1,486MT in 2013, worldsteel is now forecasting 1,409MT in 2012 and 1,455MT in 2013 or 13MT and 31MT lower respectively.

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