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Global Steel Dynamics shifts due to Chinese Structural Changes

Posted on 21 July 2014

During a meeting with shareholder on Thursday, Tata group chairman Cyrus Mistry said that there would be a shift in demand-supply in the global steel industry due to the structural changes happened in china, the largest steel producer in the world. The steel sector anticipates a lower price level for raw materials.
Mistry said in the company’s annual report for fiscal 2013-14 that the growth in China has tempered as the nation has moved its gears to attain a sustainable model of economic development………………………………………..Full Article: Source


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