In 2012, global steel demand will increase by 5.4% year-on-year to 1.5 billion tons. Among them, Europe will grow by 2.5% to 159 million tons; North American Free Trade Zone will grow by 4.9% to 121 million tons; CIS will increase by 5.7% to 60 million tons; Central and North America and Africa will increase by 9.8% and 11% respectively. 52.4 million tons and 23.8 million tons, the sharp increase in Africa is mainly due to the sharp decline in steel consumption in 2011 due to political turmoil. The Middle East, Asia and Oceania will grow by 7.9% and 5.4% respectively, reaching 15 million tons and 963 million tons. India's steel consumption in 2011 was about 68 million tons, making it the third largest steel consumer after China and the United States. China's steel demand this year may be the lowest in the past three years, up 6% to 682 million tons, implying a slowdown in Chinese steel demand.
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