Mr Bill Scotting EVP and head of strategy of ArcelorMittal told Reuters on the sidelines of the G20 CEO Summit in Seoul that “We expect demand to grow by 5% to 6%, which is in line with the World Steel Association.”
He added that “Certainly in Europe and North America, it's most likely slow progressive recovery. In China, it is showing healthy growth and should continue to grow next year.”
The World Steel Association said in October that growth in global steel demand is expected to slow to 5.3% in 2011 from 13% this year but to still hit a record 1.34 billion tonnes.
