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06 Oct
01:00

Chinese demand is growing despite slowdown: worldsteel

China’s apparent steel consumption is expected to hit 748.3 million tonnes in 2014, an increase of just 1% year-on-year, compared to 6.1% in 2013. Growth will slow further to 0.8% in 2015, according to the World Steel Association’s (worldsteel) latest short range outlook. This forecast remains open to revision in either direction, however, due to the risks in China’s economy and the possibility of greater government support for growth, the associa…
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