Global steel output is expected to grow 11.2% in 2010, but for the first time in a decade the output from China will not outpace that of the rest of the world, the Financial Times reported. While China’s steel production is expected to expand 7%, a 15% growth rate is expected for the rest of the world’s steel output. This worldwide improvement comes after a 24.8% fall in production in 2009 that drove steel production outside of China to levels last seen in 1982. While manufacturing and construction have been among the sectors most affected by the global downturn, China’s stimulus package helped demand for domestic steel reach 568 million metric tons last year. The only other country to experience a steel production increase in 2009 was India.
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