China's steel consumption likely to pick up
Published on: December 15, 2008 at 10:50
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BEIJING: China’s steel consumption is expected to pick up by next near. According to South China Metal Transaction Center in Guangzhou city China will consume 460~470 million tons of crude steel next year.
The export would remain at 62 million tonnes in 2009, it noted. In consideration of the global economic slowdown and international demand shrinkage, steel export of China may hardly rise again in a short period even if the government has eliminated the export tariff on some steel products.
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In India, gold is considered as one of the prestigious instruments of investment among the household consumers. Small household units are now becoming potential investors for gold from the key consumers. The demand for consumption purpose is no longer the main driver of demand for the yellow metal, but the systematic investments in retail gold investment options is the latest crush among the small investors in the country. 
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