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| TITLE |
Statement on Short Range Outlook (SRO) |
| WRITER |
administrator |
DATE |
2008-10-08 11:36:46 |
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Statement on Short Range Outlook (SRO)
06 Oct 2008
Washington DC � The World Steel Association Executive Committee reviewed its original Short Range Forecast issued in April 2008. The Executive recognised that the market is demonstrating rapidly changing circumstances but noted that 2008 will be another year of growth for the steel industry.
Ku-Taek Lee, Chairman of the World Steel Association and Chairman & CEO of POSCO said, 밯e are in a period of high economic uncertainty. The impact on steel markets is becoming more apparent as we move into the later part of this year. We are currently reviewing our forecasts for 2009, which had been prepared this summer before current events. However, we continue to expect growth in steel demand in 2009 and for the medium term, above the world GDP growth rate.�
The next World Steel Association Short Range Outlook (SRO) will be issued in April 2009.
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