China's steel demand growth may slow to 10 percent in 2008

摘要

Growth in China's crude steel consumption may slow to 10 percent or lower this year if Beijing tightens monetary policy further, said China Iron &Steel Association (Cisa) secretary general Luo Bingsheng in a local press report. This compares with China's crude steel consumption growth of around 13 percent last year, according to Cisa's vice-general secretary Qi Xiangdong in another China Securities Journalreport two weeks ago. China's central bank has raised the bank reserve ration times and lifted interest rates sixtimes since the beginning of 2007 in a bid to clamp down on the overheating economy and rising inflation.