Steel Market Production Increases – For 2012, participants in China’s iron ore market expect the country’s crude steel output to reach 700-720mt, representing a 3-5% y-o-y increase. If seen, this would be the lowest growth in the past decade.

Steel Market Production Increases – Emirates Steel has commissioned the region’s first heavy section mill as part of its expansion program at its integrated complex in Musaffah.

Sources: Steel Business Briefing and Gulf Construction