Mr. Ian Christmas, the Secretary of World Steel Association, indicated that the recovery of economy in China and emerging economic nations would boost the global steel production to hit the new record high this year.
In addition, he said that even the tight monetary policy might depress the rise of the economy. However, the steel production in these counties still keeps soaring this year.
Although some analysts pointed out that China’s market is getting sluggish, Mr. Christmas still believes that the global steel market would represent robust growth rather than economic recession in the global steel market in next few years. He expected the steel output in China will keep hiking by over 5% of growth rate in the future.
News Date 3/30/2011 4:17:12 PM reported by Nann Cheng
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