Industrial Info Resources

April 11, 2007 07:09 ET

Baosteel Plans Top 3 Ranking as China's Steel Production Heads for 460 Million Tons

JOHANNESBURG, SOUTH AFRICA--(CCNMatthews - April 11, 2007) - Researched by Industrial Info Resources (Sugar Land, Texas). China's National Development and Reform Commission has reported that it is 'entirely possible' for the country to realize a growth rate of 10% for GDP in 2007. Fixed assets and investment will grow at a rate of 20% or more, the trade value of imports and exports will also grow at 20%. Crude steel production will grow at around 10%, maintaining the rate of recent years with a total production of 460 million tons.

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