The German Steel Federation predicted that the German steel industry’s steel sales volumes would slide by 4% to 42.50 million tons in 2012, due to lower demand caused by decreased investments in automobile and equipment manufacturing sectors.
Besides, the German steel industry would still face oversupply problem in 2013.
However, the German Steel Federation expected that the global steel demand would increase by 4% in 2013, driven by downstream buyers’ stock replenishment.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=62204&division=A6
