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Global steel demand to grow 2.3% in 2023, 1.7% in 2024 — WSA

In 2023, India will show an increase in metal consumption by 7.3% (up to 123.3 million tons) and by 6.2% in 2024 (up to 130.9 million tons)

MOSCOW, April 18. /TASS/. The World Steel Association (WSA) expects global steel demand to grow by 2.3% in 2023, to 1.822 billion tons, and by 1.7% in 2024, to 1.854 billion tons. This is according to an outlook released on the association’s website.

In Russia, in 2023, steel consumption may decrease by 5%, to 39.6 million tons against 41.7 million tons in 2022, according to the WSA. In 2024, the association predicts a decrease in demand for metal by 7%, to 36.9 million tons.

WSA notes that the growth of steel demand in China is projected at 2% in 2023, to 939.3 million tons after a decrease of 3.5% in 2022. In 2024, according to WSA forecasts, it will remain at the same level.

In 2023, India will show an increase in metal consumption by 7.3% (up to 123.3 million tons) and by 6.2% in 2024 (up to 130.9 million tons).

In 2023, demand in the US will grow by 1.3% up to 95.8 million tons. In 2024, growth may be 2.5% (up to 98.2 million tons).

Inflation and high interest rates in most countries are expected to limit the recovery in steel demand in 2023. At the same time, there are a number of positive factors for its growth, including the opening of China after the pandemic restrictions, the adaptation of Europe to the energy crisis and the establishment of supply chains. The risk of sustained inflation and high interest rates will remain a factor limiting growth in 2024, according to the WSA.

The World Steel Association is one of the largest industrial associations in the world. The companies, which are part of WSA provide about 85% of the world's steel production.

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The New York Times reported on November 17 that US President Joe Biden had authorized the use of US-supplied ATACMS tactical ballistic missiles for strikes inside Russia

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NATO enters conflict, Russia has every right to attack its targets now — expert

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"We know what kind of developments are being carried out there, but this will happen tomorrow or in a year or two, but we have such a system already today," the president said

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Strike with Oreshnik missile was a timely and effective response to the West — Kremlin

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Russian military to warn Ukrainian civilians of future Oreshnik attacks — Kremlin

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Shooting took place near Israeli embassy in Jordan — TV

Adjacent streets are blocked by security forces

Most of Russian weapons manufactured inside Russia — Medvedev

Kremlin clarifies notification process for Oreshnik missile launch

"An automated warning was sent 30 minutes before the launch," Dmitry Peskov said

Western air defense systems unlikely to intercept Russian missiles — France’s Le Monde

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Opposition holds rally in Georgian capital to protest election outcome

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"The enemy positioned in the fortified area in Velikaya Novoselka in the south of the DPR is already trapped in a kill zone," the source said

Abkhazia did not reach point of no return, ex-president says

Aslan Bzhania believes that the recent developments in the republic have inflicted reputational damage on it

UK mercenary taken prisoner in Russia’s Kursk area — source

"A mercenary from Britain has been taken prisoner in the Kursk area," the person said

Russia to toughly respond to Japan’s steps against it — Deputy Foreign Minister

According to Andrey Rudenko, Tokyo has no intention to change anything to the positive side

Russia will respond ‘in every way’ to Seoul’s arms supply to Kiev — MFA

Deputy Foreign Minister of the Russian Federation Andrey Rudenko called on South Korean to soberly assess the situation and refrain from "reckless steps"

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Sergey Ryabkov stressed that Russia has its underlying security interests "that will be ensured by every means that we have at our disposal"

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Ukraine abandons Selidovo, laying mines in wells — security services

The Ukrainian armed forces used various modified Western-made mines and improvised explosive devices during the process

Zelensky shook up by Russia’s response to permission to attack it — Lavrov

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The situation is "unprecedented," the spokesman told the reporter from the All-Russian State Television and Radio Broadcasting Company

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Alexander Stepanov emphasized that both Kiev and its Western allies are closely scrutinizing the consequences of the strike on the plant

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Twelve local residents have been evacuated from the scene

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"Democratic institutions in the country have been destroyed, rendering dialogue between the government and the people impossible," Viktor Medvedchuk said

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Zakharova said earlier that no attempts by "French warmongers" would change the outcome of the conflict

Georgian presidential elections should be held in 2024 — parliament speaker

Shalva Papuashvili also noted that the parliament will determine the exact date of the election on Tuesday

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Cooperation with Russia will play important role in upgrade of Indian armed forces — MFA

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The Israel Defense Forces said on Thursday evening that it had intercepted a missile launched from Yemen before it entered the Israeli airspace

Ukrainian strikes inside Russia impossible without Western support — newspaper

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Developments in Russia’s Kursk Region: Counselling for residents, enemy’s losses

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The captive explained that he had served as a private in a battalion for four months

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Counsellor of the Russian Embassy in Serbia Natalia Klischenkova read the text of the telegram to Kusturica

West beginning to realize only part of Ukraine will remain — Lavrov

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Comprehensive partnership agreement between Russia, Iran to cover defense sphere

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Europe unable to wage war attrition on Russia — Ukraine’s ex-commander-in-chief

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China produced 81.9 mln metric tons in October, up 2.9% on an annualized basis

Lukashenko tells Putin situation is "starting to get tense with Wagner"

The Belarusian leader noted that they want to go to Warsaw

Biden’s decision to use ATACMS against Russia may 'blow up in America’s face' — US expert

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Zelensky to have no input if Russia, US negotiate, ex-Prime Minister says

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Conflict in Ukraine no longer regional war — German defense minister

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Russian, North Korean ministers of sport agree on exchanges in 2025 — KCNA

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Diplomat mocks US Senator for talking about invading Netherlands

Maria Zakharova quoted the US Senator, who called the ICC a "Kangaroo court" and ICC Prosecutor Karim Khan a "deranged fanatic"

Moscow not ruling out Trump’s meeting with North Korean leader

The restart of the negotiating process between the United States and North Korea "on previous conditions appears problematic", Deputy Foreign Minister Andrey Rudenko said

Guterres condemns supply of anti-personnel landmines to Ukraine

The UN Secretary-General urged world leaders to join the Ottawa Convention

Ex-German Chancellor considers dialog with Russia necessary to settle conflict in Ukraine

Angela Merkel advised politicians "to be authentic" when building up relations with US President-elect dondald Trump

Kremlin spokesman says EU will look back on its foreign policy under Borrell with shame

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US missile defense base in Poland long among Russian army’s targets — Foreign Ministry

Maria Zakharova stated that the US-NATO construction project, ongoing for nearly a decade with complete disregard to Russian security concerns, has consistently been a focus of Russia's attention

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Putin, Turkish president hold phone talks — Kremlin

The leaders also discussed some international issues

West irrational, fails to understand it cannot intercept Russia's new missiles — Kneissl

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