The World Steel Association (worldsteel) forecasts that steel consumption in the European Union is expected to fall by nearly 29% in 2009, to 129 million tons, due to the economic slowdown. At an international level, the fall is expected to be more limited due to sustained consumption in India (+2% in 2009) and a limited fall in China (-5% estimated in 2009) and is expected to decline by -14.9% to 1,018.6 million metric tons (mmt) in 2009. A modest rebound is expected in 2010. The US was the...