Steel: in April 2021 the World Steel Association expected demand growth of 2.7% for 2022; the outcome was −3.3%
Next-year forecasts of 12 releases (2019–2024): the outcome came in below the forecast in all 12; typical error −3.05 percentage points. The largest over-forecast in April 2021: 2.7% expected for 2022, the outcome was −3.3%.
Source: World Steel Association, Short Range Outlook 2018–2026Open on the chart →