Global demand for steel has remained strong over the past several years due to recovering economies and strong Asian demand.
Steel demand is expected to remain steady as economies recover and build. Demand for the raw materials used in steel-making (including vanadium) are expected to
continue and increase.
Over the past few years steel prices have increased as steel consumption in China and Asian countries has reached at an all-time high. Raw steel usage in China was up 22%
remain constant, with Russia and other industrial countries experiencing growth as well.