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China steel demand growth to slow down from 2011

Posted on 22 October 2010

From Hellenicshippingnews.com: Citi Investment Research & Analysis said in a report citing a senior industry official that Chinese steel demand growth will slow to a single digit percentage rate starting from next year Mr Zhou Guocheng former deputy secretary general of the China Iron & Steel Association said that Chinese steel sector will post average annual output increases of 20 million tonnes to 30 million tonnes for the next five years.
By the end of 2015, China is expected to be able to roll out 730 million tonnes of crude steel while its demand growth will slow from a double digit percent rate to mid single digits from the beginning of the 12th five year plan……………………………………….Full Article: Source


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