Steel Products
January 18, 2013
Asian Boom in Steel Mill Construction
Written by Sandy Williams
Written by: Sandy Williams
At least eight new steel plants are under construction in Asia (not including India) that will increase the annual output capacity of steel in Asia by 100 million tonnes within the next few years. Currently China accounts for nearly 50 percent of global steel demand with its own annual output capacity at 900 million tonnes–already 200 million more tonnes than their demand requires.
