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Steel market to re-stock, bounce back in 2010

by Liz McCarthy - Lloyd's List last modified Oct 13, 2009 10:55 AM

Global steel production could recover as early as 2010, driven by growth in gross domestic product and improved financial conditions, according to Société Générale.

  
Steel market to re-stock, bounce back in 2010

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Production is expected to increase by 4% in the next two years, slightly above GDP, which is set to rise 3% next year and 3.7% in 2011.

"We foresee an overall demand recovery as steel is tied to GDP development," Socit...

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