Chinese steel production predicted to fall
Jun 22, 2011 | 01:24 PM
| Michael Cowden
Tags
Wu Wenzhang,
Chinese Steel Production,
Peter Marcus,
World Steel Dynamics
NEW YORK — It may look as if Chinese steel production is set to grow for the foreseeable future, but at least one leading industry observer sees a decline ahead.
And at the same time that Chinese steel production may dip, raw material supplies appear poised for a breakout, with both iron ore capacity and scrap collection in China set to rise exponentially, according to Shanghai SteelHome president Wu Wenzhang.
Wu’s presentation Wednesday at the Steel Success Strategies XXVI conference in New York co-sponsored by AMM and World Steel Dynamics Inc. was delivered by WSD managing partner Peter F. Marcus because of language issues.....
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