Fast-growing economies to sustain steel demand -OECD

Newswire

PARIS, May 23 (Reuters) - Demand from China and other fast developers will stay strong despite slowdown in the U.S economy and broader industrialised world, the OECD said on Friday after an international meeting on this issue. Steel production capacity is set to rise, in Asia above all, although a major concern in the short term is the high price of the raw materials that go into steel-making, such as shortages of coking coal supplies from places such as Australia, it said. The ...

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