China’s Steel Consumption Unlikely To Peak Before 2010

Yahoo Australia: “China’s annual steel consumption volume is unlikely to peak before 2010 though the countrys iron and steel production and consumption increased sharply in the past two years.

Statistics show that China’s steel consumption has seen an annual increase of more than 3,000 tons since 2001, according to statistics released by the China Iron and Steel Industry Association.

However, the steel consumption will not peak before 2010 as China is in the process of industrialization and posting rapid economic growth, which will create bigger steel demand.”

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