Thursday, December 09, 2004

Asian demand, materials costs expected to keep steel prices strong

AP Wire: "prices are expected to increase early next year, fueled by strong demand in China and elsewhere and scarcity of raw materials.
Analysts see no sign of demand abating anytime soon.
China is in the midst of an industrial revolution and can't produce enough steel - a condition that's expected to last at least through 2005"

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