Interfax: CISA executive slams steel surplus prediction

Interfax

“A top executive at China’s Iron and Steel Association (CISA) criticized Friday a government report that predicts an enormous oversupply of steel in 2006.

Qi Xiangdong, the deputy general secretary of CISA, said he does not think China’s steel supply will exceed demand by more than 1 million tons next year as outlined in a report recently released by the Development Research Center of the State Council, according to a statement Qi posted on the CISA’s official website.

He called the results of the center’s investigation unprofessional and incredible.

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