China, Brazil, Russia, India and the Middle East are biggest growth markets for steel consumption

摘要

Steel consumed by China, Brazil, Russia, India and the Middle East will grow to the point that it exceeds all other countries by 2013, according to a forecast prepared by Citi Investment Research. China consumed about 1.3 billion tonnes of steel in 2007, Citi said, accounting for about one-third of global consumption. China, the Commonwealth of Independent States and the Middle East currently consume about 40 percent of all steel produced. By 2013, Citi estimates that China, Russia, Brazil, India and the Middle East will consume more than 50 percent of all steel produced.