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07 Aug
01:00

Klckner sees growth in European and US steel demand in H2 14

German steel distributor Klöckner & Co expects steel demand in Europe to rise by 2-3% this year whilst in the US market steel demand growth should be higher at 4-5%. In its first half year 2014 results monitored by Kallanish the company says that steel demand in Europe will be driven primarily by growth in machinery and mechanical engineering as well as the automotive industry. Steel demand in the US should increase by 4% to 5% over the year as a wh…
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