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Steel shows signs of recovery

12 October 2009

by Mark Watts

World Steel Association upgrades global steel demand forecast for 2009

The World Steel Association (WSA) has raised its forecast for world steel demand in 2009 due to significantly stronger demand from China.

 

Apparent steel use was predicted to drop 8.6% in 2009 to 1,104m. tpa, an improvement on the WSA’s spring assessment, which forecasted a 14.1%...