January 25, 2011
According to the prediction of Financial Times, the global steel production would raise by 6.2% to reach 1.5 billion tons in 2011, pushed by the recovering global economy.
Among them, China’s increase scope would be at 5.2% and the other countries would have raised the steel production by 7%.
At the same time, as the costs of raw materials such as iron ore and coking coal have continued increasing. It’s estimated that steel prices would soar by 32% in global market in 2011.
News Source www.yieh.com
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