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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