ArcelorMittal indicated that the actual demand for steel is recovering in 2011 and the US and European market is turning better.
ArcelorMittal pointed out that the US economy has turned up, supporting by decreasing unemployment rate, improve credit, recovering sales of automobiles.
For the European market, ArcelorMittal believe that Germany’s economy will continue increasing and lead other European countries to grow as well.
At the same time, ArcelorMittal has seen that China’s steel consumption increase by 7% in 2011.
Even the rising raw material costs have brought pressure to ArcelorMittal, the company still believes that its sales would rise in 2011 as recovering steel demand and rising raw material costs will support steel prices to increase.
(Source: www.yieh.com )