Asia to drive steel growth
Mumbai: Tata Group chairman Ratan Tata on Wednesday reiterated that the steel markets in the developed world, especially the US and Europe, remains 'challenging' and the key driver for growth for steel makers like Tata Steel would be the Asian markets.
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#1 Aug 5, 2011
The developed markets are saturated and Asian economies can drive the growth. However, political instability in the Middle East will keep the demand low. There is a lot of uncertainty in the steel market
#2 Aug 10, 2011
Asia struggles with currency revaluation, that in case if it continues, may seriously hurt regional markets (especially Japan, who is the world largest exporter of steel). Now it is very hard to say, who will be the engine of growth in the steel market: demand in Central & South America remains strong and it seems to become even better in nearest future. Asia has strong positions but it also has it`s weaknesses.
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