Monday, August 6, 2012

China Steel Output May Fall

BEIJING?China's crude steel output may fall for the first time in 31 years this year, a senior industry analyst said Monday in a report also published on the state-backed China Iron and Steel Association's website.

China is the world's largest steel producer, accounting for half the world's output and serving as a bellwether for the pace of construction activity and global industrial demand.

"A significant decline in China's second-half steel output is a foregone conclusion," Xue Heping, senior analyst for China's Steelinfo consultancy, told Dow Jones Newswires.

Mr. Xue's projection, which he said was based on ...

BEIJING?China's crude steel output may fall for the first time in 31 years this year, a senior industry analyst said Monday in a report also published on the state-backed China Iron and Steel Association's website.

China is the world's largest steel producer, accounting for half the world's output and serving as a bellwether for the pace of construction activity and global industrial demand.

"A significant decline in China's second-half steel output is a foregone conclusion," Xue Heping, senior analyst for China's Steelinfo consultancy, told Dow Jones Newswires.

Mr. Xue's projection, which he said was based on ...

Source: http://online.wsj.com/article/SB10000872396390443792604577572172654239282.html?mod=rss_about_china

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