An October 2018 release from the World Steel Association predicted a small increase (1.4%) in global steel demand for 2019. That projection proved to be too conservative as the same report (pictured above) in October 2019 details increases of 3.9 percent due in large part to an unexpected rise in demand in China.. The year was challenging for the vast majority of worldwide economies, but Calculate the Costs of Piping System Elements Pumps Last months column described the process of creating an energy cost balance sheet for a piping system (see Figure 1). The manufacturers curve was used to calculate the cost of operation for the centrifugal pump. This column explains how to perform the detailed cost calculation for other items in the system.
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