Worldwide crude steel production is forecast to increase to 1.3 billion tons (1.2 billion t) this year and to 1.4 billion tons (1.3 billion t) in 2007, led by developing countries such as China, the Australian Bureau of Agricultural and Resource Economics says in a report. “China will continue to be the most significant driver of growth in global steel consumption, with use forecast to increase to 407 million t (449 million tons) in 2006 and to 452 million t (498 million tons) in 2007,” ...

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