Ferrous metals are bearing materials and still will be the ones for a long-term period. Positive developments in the world economy, rapid growths of emerging economies first of all China, India, Middle East are responsible for increase in production and consumption of ferrous metals. Progress in the global market of ferrous metals currently is characterized by: expansion of production and growth of demand for ferrous metals in all regional markets; outstripping growth rates of production and consumption of ferrous metals in developing countries of Asia; fast growth of Chinese share in global production and consumption of ferrous metals; acceleration of consolidation processes in iron and steel industry; major steel companies' influence growth in the market of ferrous metals; outstripping growth rates of production and consumption of flat-rolled products; expansion in global trading of ferrous metals; increase in production and consumption of iron ore raw material.
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