China steel demand growth to slow in ‘12, processor says
Dec 02, 2011 | 11:09 AM
| Thorsten Schier
Tags
Precision Steel,
China,
Jiading Li,
steel processor,
Thorsten Schier
NEW YORK — Steel processor China Precision Steel Inc. expects somewhat slower growth in the Chinese steel sector next year due to high inventories and the government’s efforts to rein in inflation, a top company executive told AMM Thursday.
"Demand is still there, but it will be a little bit slower until inventories are at a reasonable level," chief financial officer Leada Li said.....
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