europe, china drive global steel output: world

Iron ore is needed all over the world, NOT CHINA ONLY.

Europe, China drive global steel output: Worldsteel
PUBLISHED: 5 hours 38 MINUTES AGO | UPDATE: 5 hours 29 MINUTES AGO

Global crude steel output rose at its second-fastest level this year in April, responding to an uptick in demand in Europe and the Middle East, though higher output in China added to oversupply and kept prices depressed....

..."There are some encouraging signs that demand is increasing and output growth isn't just coming from China, as in recent years...

In percentage terms, the biggest growth in output came from the Middle East - up an annual 9.6 per cent - and from Europe, where it rose an annual 4 per cent to 14.61 million tonnes as economic growth in the region takes hold.
Industry lobby Eurofer has said it expects EU demand for steel to grow almost 3.5 per cent this year, the first growth in two years, while top steelmakers such as ArcelorMittal and Tata Steel recently boasted upbeat earnings thanks in large part to Europe and the United States....

....Worldsteel said output in Ukraine fell 4.5 per cent in April, while in nearby Russia production rose just 0.7 per cent...In Japan, the world's second-largest steel producer, output fell 2.5 per cent to 8.9 million tonnes, though output in the year through April was still up 2 per cent at 36.5 million tonnes

http://www.afr.com/p/markets/europe_china_drive_global_steel_1R9jX0NWwrc3ZO2fD0vOOI