China will be the main driver behind rising worldwide steel production, with the country accounting for 70% of global steel output this year and 60% in 2008, the Australian Bureau of Agricultural and Resource Economics says. ABARE notes in its latest global commodities report that one of the reasons for the rising Chinese demand is continuing growth in the country’s automotive sector, with car production up 19% and truck output rising 22% in the year’s first half. Steel World crude ...
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