Reforms push will test steel industry's mettle

摘要

GLOBAL crude steel production in the first eight months of 2012, according to worldsteel estimates, ismarginallyhigherthan the previous year's level. If the current economic environment continues and as there is no reason to believe that buying of bonds by the ECBs would immediately impact the depressing scenario in Europe, we may end up with a production of a little more than 1.6 billion tonnes this year.