Rising demand for steel and copper in China, India, Brazil, Germany and Turkey- 13 Oct 10
Rising demand for steel and copper in China, India, Brazil, Germany and Turkey.
Copper consumption in China, the world’s biggest consumer of the metal, may climb 14% in 2010 and 15% in 2011.
Copper consumption in China reached 5.94 million metric tons in 2009.
In India, copper consumption’s forecast to climb 15% to total 650,000 metric tons by the end 2010 and 16% in 2011
The expected increase in copper and steel consumption in China, India, Brazil, Turkey and Germany will help world's economy.
Copper prices rose to a 27- month high, rallying as much as 3.1 percent to $8,349.50 a metric ton.
Albanian Minerals in New York and Bytyci Shpk In Tropoje Albania is expecting increase 15% in steel and copper consumption in 2011
Demand for steel is set to rise 13.1 percent to 1.27 billion tonnes this year, higher than earlier forecast of 8.4 percent growth.
Strong demand for steel and copper is expected in China, India, Brazil, Turkey, Saudi Arabia ,Qatar and Russia in 2011.
Large infrastructure projects with huge demand for steel and copper are underway in China, India and Brazil.Gas pipline projects In Russia, Turkey, Europe and Midle East need's millions of tons of steel. Price for copper, steel, iron ore, chrome ore, ferrochrome and coale is expected to increase in 2011 by 10% - 15 % .