BOOMING CHINESE STEEL DEMAND
Industry restructure key to productivity

'26-FEB-07 17:45'

         JOHANNESBURG (Mineweb.com) --Chinese steel demand will increase by 50 million tonnes (mt) annually, leaving a shortfall of 44mt in the supply of finished steel by 2007. As a result, the local industry is likely to consolidate to boost supply, as the Chinese central government has not identified the sector as a major investment area.

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