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Spanish CELSA predicts recovery in steel demand in 2021

The V-shaped recovery of the global
economy will be facilitated this fact. The
CELSA Group, a group of steel companies
headquartered in Spain, predicts a rebound in
global steel demand in 2021. This was stated
by Alexander Gordienko, international sales
manager for CELSA Group, S&P Global Platts
reports.
CELSA expects a V-shaped global "The global economy exceeded
economic recovery in 2021, driven by access expectations in 2020 and contracted only
to vaccines and government policies, including 3.5%, reflecting stronger-than-expected
stimulus measures. momentum in the second half of 2020. The
advanced economies were hit the hardest
with a drop of 4.9%, while emerging markets
did the best with a 2.4% decline in GDP ", he
stressed. According to him, the V-shaped recovery of the global economy will support demand
and prices for steel.
Canadian steel company Stelco, in turn, predicts a sharp recovery in steel demand. The
company expects car sales to start growing in the third quarter.

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