Record High Levels of Iron and Steel Production Forecast for 2010 and 2011

MEPS remains quite upbeat about the prospects for global iron and steelmaking this year and next. World steel output is predicted to reach 1395 million tonnes in 2010 - up by 14 percent on the year earlier figure. A further expansion of 3.9 percent is anticipated in 2011. The bounce back in global steel mill activity this year will be strongly influenced by the recovery in industrialised countries of the world. The economic crisis in the West in 2009 resulted in their share of global steel output falling to just 25 percent. This year, the figure will climb to near 28 percent. – Further information

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