It’s not often that The Economist runs a piece on the world’s steel industry but there is an interesting article this week on whether “peak steel” has been reached.

Looking at Chinese demand for steel…

China’s annual growth rate has slowed from double-digit figures to around 7%. The massive investments in infrastructure that the government unleashed as a stimulus response to the global financial crisis are subsiding. Property markets around the country are cooling fast, leaving developers with a nasty debt hangover.

The article goes on to detail the implications for prices, both of steel and its raw materials i.e. iron ore and is well worth a read for a good overview of the sector.

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