Analysts News
Steel-making raw materials remain a cause of concern
The common wisdom based on a decadal experience is that demand elasticity of steel in emerging economies will stay ahead of gross domestic product (GDP) growth rate. This was particularly evident in China during preparations for 2008 Beijing Olympics and construction of the Three Gorges Dam, when steel consumption grew close to an annual rate of 20 per cent compared with GDP growth rate of 12-13 per
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