The global iron and steel market is expected to be prosperous in the new year,2013
According to the OECD website news on 1st,June, the OECD steel committee meeting was held on May 31, 2012 to June 1, at Paris,the OECD headquarters.It held that global steel demand growth is shrinking since the end of 2011 , in the first quarter of 2012 global steel demand growth decreased to a large extent, and compared with 9.0% in the third quarter of 2011, there is only 0.6% growth. The steel demand of Asia accounted for two-thirds of the global steel demand,Steel demand in the first quarter of 2012 is decreased from 10.7% to 2.0% in the third quarter of 2011 ,among which China's iron and steel consumption rose by only 2.5%.
It is reported that, in the first quarter of 2012 the world steel output reached 1.507 billion tons, compared with the same period in 2011, only 1% increased. And compared with 10% in the third quarter of 2011 and 3% in the fourth quarter of 2011, the global steel production continues to decline nearly half a year . China accounts for 46% of global steel production, the production has fallen dramatically, from 10% in the third quarter of 2011 to 2.5% in the first quarter of 2012.
It is predicted that the global market will turn up prosperous in 2013.
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