Growing demand for steel ahead of 2017

After a minor setback in 2015, global steel demand is expected to grow in 2016 and 2017, according to new numbers from the World Steel Association. This is positive for dry bulk carriers, but the steel market still faces challenges from weak global investing.

BY DANIEL LOGAN BERG-MUNCH

Good news for dry bulk carriers: The global demand for steel will increase slightly in the coming years after registering a drop of 3.0 percent in 2015, projects the World Steel Association in a new forecast.

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