Understanding China, One Blog at a Time

An American in China

China Fact- Steel

Posted by w_thames_the_d on July 17, 2010

China is the steel market.

Even in 2010, as developed nation steel demand is expected to rebound, Chinese steel demand will still dwarf all other major economies.

This also means that China drives the seaborne iron ore and coking coal markets as well, as these commodities are key ingredients in steel.

Source: Business Insider, Posco Steel

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