Global stainless demand growth rate to slow down in 2012
According to Metals Service Center Institute’s (MSCI’s) specialty metals, though the global stainless demand is weak since this year, it is still rising slowly.
It predicted that the growth rate of the global stainless steel demand would slow down to 4% in 2012 from 8% in 2011, mainly from Brazil, Russia, India and China.
Except these four countries, the growth rate of stainless demand in the other countries will to cease moving.
In addition, the North American stainless steel market will face difficulty to recover to the pre-crisis level, affected by the declined growth rate of the global stainless demand.
News Date 28 Mar 2012 12:00:31 reported by Nann Cheng