Thursday, 23 February 2012
Steel production: disappointing in China, surprising in the US
The last months the world steel production was going down, but is recovering a bit in January. That recovery was not made in China, there the steel production is still going onto the wrong path (maybe the lunar new year is distorting things). The recovery was mainly made in the USA. Steel production is bad in Asia (China Japan,Korea) and core Europe (Germany, France) but growing in Brazil, Russia, surprisingly also in Italy and as mentioned the US.