Albanian Minerals: Soring demand for steel in China and India

Sept. 6, 2011 - PRLog -- Albanian Minerals: Soring demand for steel in China and India:

Global demand and prices for raw materials, iron ore, chrome ore, coal and ferrochrome for making steel is likely to continue to increase.

The Chinese steel industry has a record steel output in 2011 to meet soaring demand from infrastructure and social housing projects.

The Chinese government  now  is turning to high cost, previously shuttered, steel mills to make up the difference in demand.

China's crude steel production grew 15.49%  to 59.3 million tonnes in July and 10.3%  this year to 410.36 million tons in the first seven months.

Albanian Minerals President and CEO Sahit Muja said  "Steel production in China to exceed 700 million tons in 2011. "

 Albanian Minerals President and CEO Sahit Muja said  "China and India's steel makers are expected to increase prices in October"

Albanian Minerals President and CEO Sahit Muja said   "The global demand for steel is expected to gradually grow over the rest of 2011"  

Albanian Minerals President and CEO Sahit Muja said  "Strong economic growth and urbanization in China, India and other nations are expected to create growing demand for steel .

Albanian Minerals  expect steel demand to grow worldwide by 10 per cent in 2011 and about 15 per cent in 2012.

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