China steel output to grow by 9% this year

Mysteel consultancy in Shanghai hasreported China to increase steel supply by8.6% in 2010 to 621.5 million tons. The ne ed for mor e s t e e l s t emsfrom the multi-billion dollar, multi-year economic stimulus package that hasboosted production of such steel bearingproducts as agricultural machinery andequipment, infrastructure constructionmaterials, environmental protectione q u i pme n t , mo t o r ve h i c l e s a n demission-reduction equipment. Sincethe construction of these key projectsusually lasts for three years and longer. In addition, Xinhua news agency saidthat expanded consumption for such rawmaterials as steel will continue in 2010and 2011.Nike Shox Current 807