2005: Investment of Recovery

摘要

If 2004 achieved some recovery which the steel industry had been anticipating and which was mainly reflected in the improvement of the turnover of the steel companies, 2005 which has started from the high level of progress at which 2004 had arrived will be the second consecutive year in which this industry will live a stale of boom making the current economic cycle of this industry the longest one in terms of maintaining a certain level of recovery and continuity of the growth rates which are considered good at more than one level If 2004 at the general world level achieved production exceeding one billion tons of crude steel for the first time in the history of this industry, 2005 will witness continuation of this trend, as it is expected to exceed the figures it arrived at in 2004 so that it will achieve unprecedented record figures which may, according to some forecasts, arrive at 1.15 billion tons. The motivation for achieving these new figures will be the growing demand in the world market which constitutes a strong stimulation for all steel mills to so increase their production as to be able to meet the growing demand which was the fundamental base for the recovery of this industry during 2004.