Salzgitter expects Chinese steel demand to remain strong in 2005

Yahoo! Finance

SALZGITTER, Germany – Salzgitter AG said it expects China’s demand for steel to remain strong in 2005 as the Asian nation continues to build large industrial plants and expand its overall infrastructure.

In addition, Germany’s second largest steel maker wrote in its annual report that it sees ‘positive impulses’ coming from the Indian and Russian markets.

Salzgitter also said it expects prices for raw material used in steel production such as coke and iron ore to remain high or perhaps even increase.

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