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Monthly Archives: February 2012

Global Demand for Steel is Growing Slower Than Expected

Global use of the alloy will rise 4.5 percent this year, less than the 5.4 percent forecast in October by the World Steel Association, according to the median estimate of 14 steelmakers, analysts and traders surveyed by Bloomberg. Growth may be as low as 1.2 percent, according to Bloomberg Industries analysts.

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Chinese Manufacturing Rises Despite Lower Exports to Europe

“There are signs that the global economy, the global manufacturing cycle, is finding its feet,” said Nick Kounis, head of macro research atABN Amro in Amsterdam. “Things are no longer deteriorating. On the other hand, we’re not seeing signs of a sharp rebound. We’re not out of the woods yet in terms of the European economy at least.”

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