World steel output surges 8.8 pc in 2006
By Agencies |
Highlights
PARIS: World steel production surged 8.8 per cent last year to a record 1.239 billion tonnes, powered by Asian and Chinese output, compared with 41.6 per cent in 2001 and 38.4 per cent in 1996.
China was the leading national producer, turning out 418 million tonnes, more than a third of the global total. The other major producers were Japan, 116.2 million tonnes, and the United States, 98.5 million tonnes, followed by Russia, South Korea, Germany and India.
The steel sector took advantage of healthy world economic growth and demand in emerging market countries, notably in Asia, where major infrastructure projects were under way.
But the trend may not last. The Organization for Economic Cooperation and Development in November said that while steel prospectibe her as "polarising," strident or off-putting.
A CBS News poll earlier this month found that 38 per cent of all voters, including a remarkably high 78 per cent of Republicans.
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