SHANGHAI Steel demand in
China is expected to increase 3.1 percent in 2013, up from
2.5-percent growth in 2012, according to the China Iron and
Steel Association (Cisa).
Chinas economy is
recovering after the central government in Beijing introduced a
series of policies to maintain stable growth, but steel prices
will still be volatile as demand improves, Cisa said. "Steel
demand this year will be better than last year, but
overcapacity and oversupply problems have no obvious
improvement and steel prices will find it hard to rise
The countrys crude steel
output totaled a record 716.5 million tonnes last year.
Worldwide steel demand is forecast to rise 3.2 percent in
2013, according to the Brussels-based World Steel
A version of this article was first published by AMM sister
publication Steel First.