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China Slows Down the Steel Circulation Scale during the
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2010-12-02

Since the "11th Five-Year Plan", the steel circulation scale in China has shown high growth trend, but China would slow down the speed during the period of the "12th Five-Year Plan". The president of China Federation of Logistics & Purchasing(CFLP), Li-ming He quoted data, analyzing that the average annual consumption growth of iron ore, steel, steel material, pig iron in the "11th Five-Year Plan" period reached respectively 16%, 14.1%, 15.4%, 11.8%, however they will change into 14%, 9.6%, 8% and 9% during the "12th Five-Year Plan" period. China’s steel circulation status of super rapid increase will slow down in the future.

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