Global steel production hit a record in 2011

June 21, 2011 - PRLog -- Global steel production hit a record in 2011

Global crude steel production in May rose 4.2% from a year earlier to a record monthly total of 130 million mt the World Steel Association said  today.

Global steel output in January-May totaled nearly 630 million mt, a gain of 7.3% year-on-year.
Steel production was 127 million mt in April.

China's steel output grew 7.8% from May 2010 to a new monthly record of 60.2 million mt, accounting for 46.3% of total global steel output last month.

Albanian Minerals President and CEO  Sahit Muja said "Emerging economies in China, India, Brazil, Turkey  will  contribute significantly to steel demand growth in 5 years".

The investments of urbanization  in China, India, Brazil and Middle Easter Countries  will  contribute significantly to steel demand .

Demand for infrastructure and housing will increase.
Steel demand growth from developed parts of the world such as the U.S. and the European Union continues to recover.

Demand for main ingredients of steel  iron ore, ferrochrome, chrome ore will continue to increase.

Albanian Minerals

# # #

Albanian Minerals is Metal Mining and trading Company one of fastest growing mineral company in Europe