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sotn

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We calculate that world steel capacity utilisation [at crude steel level] in 2018 will be 74.9%, as compared to 74.4% in 2017. For calculations, see chart.

world-steel-capacity-utilisation-2018.png 
On this basis, we also consider that 2018 steel prices for hot rolled coil or rebar will be ~$14/tonne higher in 2018 than in 2017. For explanation, see chart.

world-steel-capacity-utilisation-2018.png

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