WorldWatch: China’s steel consumption to grow 10%
WorldWatch Institute issued its Vital Signs 2005 report on May 12, 2005.
According to the report, global crude steel
production increased 8.8% in 2004.
China headed for both the
production and
consumption during the year.
China's steel
consumption is also expected to expand more than 10% in 2005, to account for 61% of total global
consumption, while the growth will be around 2% for the rest of the world.