EMERGING MARKETS PULL GLOBAL STEEL SECTOR OUT OF RECESSION

BY KEITH NUTHALL EMERGING market economies have been pulling the global steel sector out of recession and China's past role as a trade generator will be rivalled, if not exceeded by other growing economies, an Organisation for Economic Cooperation & Development (OECD) meeting has been told. Speaking after the OECD's Steel Committee met in Paris last week (May 6-7), its chairman Risaburo Nezu said the global steel industry was recovering faster than expected, although progress varied from country to country. He said worldwide, steel mills are now running at ...


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