China's steel output may account for half of world total in 2015
Post Date: 01 Jun 2009 Viewed: 944
A French advisory firm recently claimed world steel output would rise to 2.2 billion tons in 2015 from 1.3 billion tons last year and China’s steel output would account for 48 percent of the world totals. Most experts believed output will edge up a bit in the latter half of this year but there will be no evident signs of recovery next year. Orders with more than 1,000 tons in quantity have dried up in Europe, where mills are competing with each other in thin business.