Supply Continues to Lag Behind Demand. These forecasts are balanced with less optimistic outlooks, Perfect Steerable Transfer Cartluding Worldsteel’s projection: “In 2021 steel demand is expected to recover to 1,795.1 Mt, an Perfect Steerable Transfer Cartrease of 4.1 % over 2020. A strong recovery in China will mitigate the reduction in global steel demand this year.