China a drag on steel demand: trade body
Paris (AFP) Oct 06, 2014 - Global demand for steel will grow by just 2.0 percent this year owing to a rebalancing of the Chinese economy and a slowdown in other emerging countries, the sector's trade body said on Monday. The growth forecast to 1,562 million tonnes in steel use by the World Steel Association is down from the 3.1 percent rate it forecast in April and the 3.8 percent recorded in 2013. "The positive m ... more
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