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Global steel output expected to grow 2 percent this year. (Metal Industry News).

Publication: Metal Center News
Publication Date: 01-MAY-03 		Format: Online - approximately 890 words
Delivery: Immediate Online Access

Article Excerpt
MEPS International Ltd., a steel industry consulting firm in Sheffield, England, forecasts world crude steel output in 2003 at almost 918 million metric tonnes--up by just over 2 percent on the year earlier figure.

Blast furnace iron production is expected to rise by 15.4 million tonnes to 622.4 million tonnes, a 2.5 percent increase. Direct reduced ironmaking is forecast to expand from about 42.1 million tonnes in 2002 to almost 44 million tonnes this year. First-quarter steel manufacturing was expected to reach 228 million tonnes and equates to an advance of 15 million tonnes, year on year (7 percent). This rate of increase is not sustainable in the long term, MEPS notes. During the first quarter of 2002, many steel enterprises cut back output due to the uncertain economic picture and before...

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