Steel Demand to Slow on China, World Association Says
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Global steel demand growth will decelerate next year as China’s real estate market weakens and consumption in Japan falls, the World Steel Association said.
Consumption growth will slow to 5.3 percent in 2011, from a forecast 13.1 percent gain this year, the association said today in a statement released in Tokyo. China and Japan are the world’s biggest and second-largest steel producing nations.