World crude steel production is expected to grow about 7% to 1.5 billion tons (1.3 billion t) this year and another 6% in 2008 to 1.6 billion tons (1.4 billion t) after climbing 9% in 2006, the Australian Bureau of Agricultural and Resource Economics says. ABARE says in its quarterly global commodities report that steel prices are expected to stay firm, with China predicted to account for the majority of the increased output but also strong growth from India and the Russian Federation. ...

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