Global Steel Trade Grew 13% in 2006 - 2007 With Production Up 10%

Researched by Industrial Info Resources (Sugar Land, Texas). Riding on record levels of production which are up 10% year-on-year for the first four months of 2007, the global steel industry is looking at a further process of consolidation as the major producers look for an edge with ore suppliers, economies of scale in production with the application of the latest technologies and, in some cases, pre-emptive arrangements to protect steel companies which are seen as national assets.

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