Steel Output Could be Short
By Staff -- Purchasing, 3/13/2008
Global steel output may fall short of demand this year by 55 million tons as China reduces exports, Credit Suisse Group estimated in a Feb. 11 report. "Any further structural positives in China's supply and demand balance could leave steel supply well below demand levels even with ongoing weakness in Europe and the U.S.,'' Credit Suisse analysts said in the report. Meanwhile, MEPS International reports that world steel production will increase this year, mainly due to an increase in China's output.
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